MENA Startups Can Accept Payments Worldwide with Atlas
The international payment technology platform, Stripe, launched its global arm, Atlas, enabling entrepreneurs and developers anywhere in the world to start a Us-based company from their home country. This means they can set up a US bank account and start accepting payments to their apps and other platforms from anywhere in the world. The service is currently in an invite-only beta phase, so Stripe has partnered with 70 incubators, accelerators, and investors worldwide who will refer startups that have growth potential to the service. In Lebanon, Stripe chose the Speed@bdd accelerator as its local partner. Atlas addresses revenue-generating startups that have existing products and services, and are willing to expand into international markets and regions. They can establish a company in the city of Delaware, USA, for only $500, which includes the cost of registering the company, opening a Silicon Valley bank account, and paying for legal and tax consultancy. Upon signing up with Atlas, startups benefit from a Stripe account that they can immediately use to accept payments from customers in 100+ currencies. Moreover, every startup receives $15,000 in free credit from Amazon Web Services. Co-founded by Irish brothers, John and Patrick Collison, Stripe is valued at $5 billion. The platform facilitates payments for many big companies in 24 countries around the globe, including Kickstarter, and has sealed partnerships with Facebook, Apple, Twitter, and Pinterest. Its backers include Sequoia Capital, Paypal cofounders Peter Thiel and Max Levchin, and Visa.