SAN FRANCISCO—Stripe has launched its own corporate credit card.
The new card was introduced less than one week after the payments processing giant introduced a new lending product. The Stripe Corporate Card will cater to the small businesses and startups in the U.S. on Stripe's payments platform.
“The card will aim to solve what the company says is a challenge for smaller companies that have trouble securing cards to buy supplies and to issue to employees. The card also means Stripe is getting into the same space as Brex, the corporate card startup which recently garnered a $2.6-billion valuation,” Bloomberg reported.