Stripe launches Atlas, to help African startups incorporate in the US


Stripe, a US-based technology company in the payments space, has announced the launch of Atlas, a service which aims to make it easier to incorporate a business anywhere in the world.

With Stripe Atlas, entrepreneurs can easily incorporate a U.S. company, set up a U.S. bank account, and start accepting payments with Stripe.

To assist African startups with the process, Stripe has partnered with a couple of incubators and partners in the continent.

They are Flat6Labs (Egypt); iSpace Foundation (Ghana); Knife Capital (South Africa); L5 Lab (Nigeria); Meltwater Foundation (Ghana); Nailab (Kenya); Outbox (Uganda); and Savannah Fund (Africa).

Through these partners and incubators will assist African startups to be incorporated in the U.S. state of Delaware; get a business bank account with Silicon Valley Bank, the world’s leading bank for tech companies; get access to guidance on U.S. law and taxes, and get a Stripe account to start accepting payments from customers in 100+ currencies.

“The promise of the internet is that location matters less. However, geographic barriers and associated complexity make it difficult to start a global business in many parts of the world,” Stripe stated in a post.

It added, “Developers around the world should have equal access to the tools and services that are available to those in Berlin and Boston. Atlas is designed to help.”

Aside the major benefits of the programme, selected startups will receive other services courtesy of Atlas’ partnerships with several companies. For example, Amazon Web Services will extend US$15,000 in free credits.

Stripe Atlas is invite-only at the moment. The service will be made available to as many companies as possible in no time. Startups interested in the programme are expected to request for access or get a referral from one of Stripe’s partners.

Stripe Atlas will be free for the first 100 users. Thereafter, the Atlas beta will cost US$500, which includes all fees associated with startup incorporation and business bank account opening.

Stripe, founded in 2010 and HQ’ed in San Francisco, is the best way to accept payments online and in mobile apps. Stripe handle billions of dollars every year for forward-thinking businesses around the world.

Image Credit: The Next Web.

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