M&A Deal Summary

Stripe Acquires Payable

On July 26, 2017, Stripe acquired internet software and services company Payable

Acquisition Highlights
  • This is Stripe’s 6th transaction in the Internet Software and Services sector.
  • This is Stripe’s 5th transaction in the United States.
  • This is Stripe’s 2nd transaction in California.

M&A Deal Summary

Date 2017-07-26
Target Payable
Sector Internet Software and Services
Buyer(s) Stripe
Deal Type Add-on Acquisition

Target

Payable

San Francisco, California, United States
Tiempo Labs, Inc. is a platform aimed at on-demand companies that simplified the process of onboarding and tracking payments to large numbers of contractors. Tiempo Labs, Inc. was founded in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Stripe

South San Francisco, California, United States

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Stripe is a web and mobile payment platform that allows individuals and businesses to accept online payments. It processes large-scale transactions globally, supporting innovative businesses in growing and managing their payments infrastructure. Stripe was founded in 2010 and is based in South San Francisco, California.


DEAL STATS #
Overall 6 of 11
Sector: Internet Software and Services M&A 6 of 8
Type: Add-on Acquisition M&A Deals 6 of 11
State: California M&A 2 of 4
Country: United States M&A 5 of 10
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Indie Hackers

San Francisco, California, United States

Indie Hackers is a website and community focusing on helping entrepreneurs become profitable while remaining independent. Indie Hackers was established in 2016 and is based in San Francisco, California

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Index

San Francisco, California, United States

Index, Inc. is a point-of-sale software developer. Index provides software for in-store payments systems, like the PIN pads that you probably already use to pay with a debit or credit card at your local target or pharmacy. Index, Inc. was founded in 2012 and is based in San Francisco, California.

Buy -