Stripe, the well-known online payment processing for internet businesses, is supporting the Luxembourg-based startup ecosystem through a first partnership with Technoport, the technology business incubator based in Esch-sur-Alzette.
(Featured Image: Technoport’s technology business incubator in Belval / Image Credit © Silicon Luxembourg / Olivier Minaire)
The Stripe Startup Partner Program is a global program where Stripe partners with accelerators, incubators and early-stage investors that help entrepreneurs and high-growth startups. By simplifying payments for these companies, Stripe support them in building and scaling their online business, whether they are creating a subscription service, an on-demand marketplace, or an e-commerce store.
“Having the Technoport partner up with Stripe is of course great for us, it opens quite a few doors and the financial advantage is remarkable!”
Technoport is the first incubator in Luxembourg with whom Stripe signed such a partnership agreement. Technoport has built an impressive network of companies in different industries over more than 20 years of existence, so for Stripe it was a logical step to set-up this first partnership with a reference actor in the local ecosystem and grow from there.
Some Technoport’s startups were already using Stripe and thanks to this partnership they can now access the Stripe’s benefits for startups. Sport50 for instance, whose CEO and Co-Founder Gilles Mangen stated: “Stripe really stood out when we researched for a payment partner. Quick and easy integration, a variety of payment models and accepted payment methods, it was overall a great fit to get Sport50 on the market quickly. Having the Technoport partner up with Stripe is of course great for us, it opens quite a few doors and the financial advantage is remarkable! Thank you Technoport and Stripe for this program!”.
According to Diego De Biasio, CEO of Technoport, this is a win-win situation also for Stripe as they get access to pre-screened startups that potentially will grow and expand and, in some cases, end up in collaborations and partnerships.