Is there a company that’s basically like “Stripe but British-owned”?
Is there a company that’s basically like “Stripe but British-owned”?
British payment processors usually sell out / get taken over by US firms
Checkout.com isn't terribly British just headquartered there (Swiss guy founded it in Singapore, tons of foreign investors). They opened a SF office last year, after a big US push prior, so if their financials stay adequate I imagine it'll be another that sells out to the US
The UK tends to punch well above its weight in FinTech, but PSPs are high-volume and very low margin so not really an attractive proposition unless you can be reasonably sure of grabbing a decent share of the global market.
Started in 1997, got bought out by a US company in 2018. RIP.
The founder, Nick Ogden claims "His career began when he pioneered ecommerce in 1994, inventing the first online shop, the Wine Warehouse." [0] Big if true! UK has a long, rich history of inventions.
[0] https://uk.finance.yahoo.com/news/nick-ogden-founding-father...
Also running payment processor per country would not be an easy feat or probably feasible.