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How Stripe Became Silicon Valley’s Hottest Startup

President John Collison, in the patterned shirt, founded Stripe with brother Patrick, the payments company’s chief executive, after having trouble getting their earlier business ventures approved for credit-card-processing accounts.  (Photo: Bloomberg)

The pandemic threatened to clobber Stripe Inc. Instead, it turbocharged the company.

Stripe processes payments for e-commerce companies, keeping a tiny cut of each purchase as a fee for its services. When stay-at-home orders early in the pandemic caused spending to plunge and refund requests to skyrocket, the outlook wasn’t great.

Then everything moved online. More than 500,000 doctors’ offices, farmers…

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