Stripe Capital set for Australian rollout by end of 2025
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The news: Payments tech provider Stripe is set to launch Stripe Capital in Australia later this year. The product provides flexible loans and cash advances to small and medium-sized businesses.
The context: Stripe Capital uses data collected through a company’s use of other Stripe services, such as payments processing activity, to provide “pre-approved offers for financing”, according to the company.
Repayments are deducted as a fixed proportion of sales, with no compounding interest, late fees or early repayment penalties. The service will also be available on platforms that use Stripe such as table ordering, payments and marketing platform me&u.
Stripe also said it was introducing more than 50 upgrades to its platform including Stripe Startups, which will provide early-stage venture-backed businesses access to “financial benefits, a focused community and resources to support their growth”.
The company said it has surpassed one million users in ANZ.
A survey undertaken by the fintech also found that 85% of businesses are confident in their ability to implement new technology like AI or stablecoins.
Stripe’s survey found that 70% of businesses had already integrated AI into their operations. The technology was most commonly used in customer service (39%), fraud detection (32%), sales and marketing (31%) and product development (30%). 30% of the large businesses surveyed said they are already implementing agentic AI.
The source: Stripe media release
