Banking as a service without being a Bank — Stripe`s Treasury

I rarely write multiple blogs about one company. Stripe is an exception. Over the past few months, I wrote about their aggressive investment activates and their innovation stack, and now about one of their latest offerings, the Stripe Treasury.

Stripe has been aggressively investing in startups — 22 and growing

The Stripe innovation stack and its 6 million Github commits

Stripe’s mission is to increase the GDP of the internet by making it easy to launch and run an online business.

Stripe has had a developer focus in payments and the Collison brothers, John and Patrick, insist that they will not be seeking a banking license, unlike several other grown-up Fintechs. The word in the market is that Stripe maybe raising more money taking its valuation from $36billion to $70billion.

Stripe Treasury, is its Banking as a service (Baas) offering for internet businesses and most appealing for marketplaces.

A merchant Baas offering without being a Bank!

In practical terms, the Stripe Treasury API allows for a seamless business account opening at any of its Bank partners. Stripe has started with Goldman Sachs and…