Spryker Expands App Composition Platform with Stripe as its Global Payment Services Provider
April 03 2024 - 7:00AM
Spryker Expands App Composition Platform with Stripe as its Global
Payment Services Provider
Spryker, the leading composable commerce platform for sophisticated
use cases in B2B, Enterprise Marketplaces, and IoT Commerce, and
Stripe, a financial infrastructure platform for businesses, today
announced the availability of Stripe on the Spryker App Composition
Platform. Now, with just a few clicks, enterprises can seamlessly
facilitate business with customers around the world. The Stripe
integration enables faster go-to-market in new regions, frees up
developer resources for other business priorities, and simplifies
internal financial processes.
With one easy click, enterprises can enable Stripe in new
regions around the world, helping to increase go-to-market speed
and aid in international expansion. Additionally, maintenance of
the Stripe app is managed by Spryker so that enterprises can rest
assured they always have the most updated and secure version of the
application. With fewer developer resources needed to implement and
maintain the payment service provider (PSP), enterprises can
allocate time and budget to other business priorities.
“With volatile markets and changing customer needs, enterprises
require business agility to compete globally,” said Boris Lokschin,
Co-founder and CEO at Spryker. “The ability to quickly implement a
state-of-the-art payment option like Stripe in new regions with
minimal effort will give enterprises the edge and flexibility they
need to keep up with evolving customer and business demands.”
In addition to offering a leading global PSP for their
customers, enterprises can utilize the very same Stripe integration
to make business for themselves easier. Stripe’s Payment Element
supports more than 40 different payment methods, and its optimized
checkout suite has helped businesses increase their revenue by
10.5% on average.
Enterprises can also take advantage of both composable and
out-of-the-box capabilities of the Stripe application, enabling
faster go-to-market as well as a high degree of adaptability.
Out-of-the-box features and self-built features work hand and hand,
leading to a seamless experience for both developers and
customers.
“Payment is one of the most central parts of transactions and we
are proud to offer a seamless and fast integration with Stripe to
our global enterprise customers,” said Manishi Singh, SVP App
Composition Platform, Cloud & Technology Partnerships at
Spryker. “Stripe’s focus on facilitating global transactions aligns
with Sprykers mission to provide the leading composable platform
designed for sophisticated transactional businesses. Together, we
have built an integration specifically to enable B2B enterprises to
achieve their business goals faster.”
To enhance the integration further, Spryker and Stripe plan to
develop a pre-built marketplace payment integration including
split-payments, Merchant Payout, and Merchant PSP Onboarding. These
additional composable capabilities will enable marketplace owners
to achieve faster time-to-market, lower their total cost of
ownership and generate a higher return on investment.
The Spryker App Composition Platform is a cloud-native platform
that provides enterprises with seamless access to third-party
services and best-of-breed digital commerce vendors via an
industry-first trial model, which includes full service level
agreement (SLA) and software lifecycle coverage for all composed
capabilities. With the Spryker App Composition Platform,
enterprises can facilitate initial integrations in one-click,
allowing them to test the value of apps and services on their
business quickly without wasting developer days.
The Spryker App Composition Platform is growing its third-party
services offered across categories including Payment, Business
Intelligence, Analytics, Commerce, Customer, Data Integration,
Marketing, Operational Cloud, etc. These applications cover all
digital commerce capabilities that enterprises require. The Spryker
App Composition Platform is available for all Spryker Cloud
Commerce OS Customers. To find out more, visit the App Composition
Platform page.
About StripeStripe is a financial
infrastructure platform for businesses. From startups to the
world’s largest corporations, millions of organizations use Stripe
to accept payments, grow revenue and unlock new business
opportunities. Headquartered in San Francisco and Dublin, the
technology company’s mission is to grow the GDP of the
Internet.
About SprykerSpryker is the leading composable
commerce platform for enterprises with sophisticated business
models to enable growth, innovation, and differentiation. Designed
specifically for sophisticated transactional businesses, Spryker’s
easy-to-use, headless, API-first model offers a best-of-breed
approach that provides businesses the flexibility to adapt, scale,
and quickly go to market while facilitating faster time-to-value
throughout their digital transformation journey. As a global
platform leader for B2B and B2C Enterprise Marketplaces, IoT
Commerce, and Unified Commerce, Spryker has empowered 150+ global
enterprise customers worldwide and is trusted by brands such as
ALDI, Siemens, ZF Friedrichshafen, and Ricoh. Spryker is a
privately held technology company headquartered in Berlin and New
York backed by world class investors such as TCV, One Peak, Project
A, Cherry Ventures, and Maverick Capital. Learn more at spryker.com
and follow Spryker on LinkedIn and X.