Tuesday, January 27, 2015

Stripe joins forces with Intuit to help freelancers manage their finances

John Kennedy for Silicon Republic writes: The Collison brothers’ e-payments start-up Stripe has joined forces with Silicon Valley accounts software player Intuit to roll out new tools to help self-employed contractors better manage their finances.

The deal is the latest coup for Limerick brothers John and Patrick Collison. Earlier this month the company ousted Amazon Payments to facilitate transactions on crowdfunding platform Kickstarter.
Last year Stripe signed significant e-commerce partnerships with Apple, Twitter and Facebook.
Stripe recently received a valuation US$3.5bn after raising US$70m in investment from Thrive Capital along with existing investors Sequoia Capital, Founders Fund, General Catalyst and Khosla Ventures.
The alliance with Intuit will see enable workers who work for on-demand platforms that pay through Stripe to connect with QuickBooks’ Online Self-Employed software.
The upshot is that freelancers will be able to have a clear picture of their tax obligations and easily track deductions such as business expenses and mileage.
“We’re thrilled to see Intuit build such a powerful tool on top of the Stripe platform,” said Cristina Cordova, head of strategic partnerships at Stripe.
“Marketplaces on Stripe can integrate in minutes, and unlock a beneficial service to their contractors without any additional hassle or involvement on their end.”  SNIP.  The article continues @ Silicon Republic, click here to continue reading....


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