Stripe acquires Indie Hackers for undisclosed sum

Stripe acquires Indie Hackers for undisclosed sum

Stripe, one the fastest growing online payment platform has acquired Indie Hackers, IH for an undisclosed amount.

Indie Hackers is a knowledge-sharing community for entrepreneurs founded by Courtland Allen less than a year ago.

The latest acquisition makes it the third after Stripe went after Kickoff in March 2013 and Tonic in September 2016.

Stripe was founded by Limerick brothers Patrick and John Collison.

Without divulging much information on the acquisition, Patrick Collison said in an article on Hakernews that they bought Indie Hackers to become more successful.

“The Stripe upside we’re hoping for is that more companies get started and that they’re more successful. We already see a very large fraction of new internet companies choose Stripe; we’re mainly hoping that Indie Hackers can help us grow the overall number rather than to grow our fraction. (Our product has to do the latter part.),” he said.

Till date, Stripe has received funding from Sequoia Capital and PayPal founders Peter Thiel and Elon Musk.

Stripe is now valued at $9 billion. In November, the group announced it had raised $150 million in a Series D round led by CapitalG and General Catalyst, with existing investors such as Sequoia also involved.

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