Spryker Expands App Composition Platform with Stripe as its Global Payment Services Provider

• With just a few clicks, enterprises can now 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.

BERLIN and NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- 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 Stripe
Stripe 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 Spryker
Spryker 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.

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