Build an internet payments platform that makes it easier for online businesses to accept, manage, refund, and receive payments.
Solve a concrete, painful customer problem: internet businesses found existing payment and money-movement processes antiquated, unpopular, paperwork-heavy, and dependent on visiting a bank in person. Start with a narrow payment capability, then expand the product in response to live customer requests while building the security, banking partnerships, infrastructure, and reliability required to scale.
online B2B Software / SaaS
From Y Combinator — Patrick Collison: "What If You Succeed?" at 09:58
Problem: Online businesses had to deal with cumbersome payment processes involving extensive paperwork, in-person bank visits, and outdated systems.
For: Internet businesses that need to accept payments and manage payment operations.
Examples
- Stripe: launched publicly in September 2011 after nearly two years of development, having built security, partnerships, money-movement infrastructure, and reliability while serving production users.