Stripe, valued at $5bn as of a Visa and Amex-backed round last year, has received an undisclosed amount from Sumitomo Mitsui Card Company as it launches in Japan.
Sumitomo Mitsui Card Company, a credit card branch of financial services conglomerate Sumitomo Mitsui Financial Group, has invested an undisclosed amount in US-based mobile payment technology provider Stripe, TechCrunch reported yesterday.
Stripe provides technology that helps online merchants and service providers including Twitter, Kickstarter, Shopify, Salesforce.com and Lyft accept and process payments.
The funding was provided as Stripe launched commercially in Sumitomo Mitsui Financial’s home country of Japan, having introduced a beta version there in partnership with the group in…
