Stripe has garnered the top spot on CNBC’s 2020 Disruptor 50 list as the fintech has seen big success through the current crisis; Stripe operates in 39 countries and tops the list of most valuable Silicon Valley companies, with a $36bn valuation; “There has been a very sharp move from the offline economy to the online economy,” John Collison, Co-Founder and President of Stripe, told CNBC’s “Squawk Box” in an interview this week. “We’re seeing the creation of new businesses, or businesses that previously traded solely offline, starting to move online.”; the company was already seeing massive growth before the pandemic set in but it has helped to accelerate the move to digital payments for companies of all sizes; “They’ve made payment acceptance and now card issuance easier than ever and transformed a business into a technology decision,” said Ryan Gilbert, fintech investor and General Partner at Propel Venture Partners, to CNBC. “They changed the narrative.”; the company has also recently moved into other areas of financial services with lending arm Stripe Capital; Stripe believes we are still early in the digital payments race as they point out only 11 percent of retail sales happened online in Q1. CNBC.
