Strategic Partnership · Card Issuing · 2020

Shopify Balance partnership with Stripe and Evolve Bancorp

Shopify announced strategic partnership for embedded banking with Stripe, Evolve Bancorp on December 4, 2020.

Primary
Shopify
Counterparty
Stripe, Evolve Bancorp
Structure
strategic partnership for embedded banking
Date
December 4, 2020
Sub-sector
Card Issuing

Stripe Treasury and Evolve Bancorp will power Shopify Balance's card and account products, enabling Shopify to embed banking services for merchants at scale.

Primary company
Shopify
Counterparty
Stripe, Evolve Bancorp
Amount
Not disclosed
Event date
December 4, 2020
Sub-sector
Card Issuing
HQ
Not disclosed
Structure
strategic partnership for embedded banking
Source published
December 4, 2020
Publisher
BetaKit

Source: betakit.com