Stripe, the Irish-American online payments processing company, raised $600 million in its latest funding round, pushing its valuation to $95 billion and making it the most valuable U.S. startup.
Stripe is headquartered in both San Francisco and Dublin. It was founded in 2010 by Irish brothers Patrick Collison and his younger sibling John.
The company’s software is used by mazon.com ( (AMZN) - Get Report), Salesforce.com ( (CRM) - Get Report), and Lyft ( (LYFT) - Get Report), Reddit, and Spotify ( (SPOT) - Get Report), to name a few. Online payments competitors include Square (SQ) - Get Report and PayPal (PYPL) - Get Report
Find out why Jim Cramer is bullish on PayPal and Square, here.
What's the secret behind Stripe's success? Watch the video timeline to learn more, including the devilish name it almost received.
Editor's note: this video was produced by TheStreet's Austin Rivera.