Disrupting Banking…Stripe Treasury

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I’m not a huge fan of the word “disruptor”…I think it’s used far too much (hello Uber &  AirBnB), BUT in this case, I think it’s warranted.

Stripe the massively accepted online credit card and payments service is working some big names to offer Banking-as-a-Service (BaaS), called Stripe Treasury, without the archaic processes.

This new product offering is putting traditional financial institutions on high-alert as Stripe has already launched it’s financing & lending product, Stripe Capital last year.

Stripe Treasury allows a company to easily:

• Create/open customer accounts

• Deposit money

• Earn interest

• Pay bills

Currently, Stripe Treasury is still only invite-only but if you ever wanted to start your own digital bank, the barrier to entry is now much lower.