THE NEWS WRAP: Kickstarter gives Amazon Payments the flick in favour of Stripe

Crowdfunding giant Kickstarter has today announced it is partnering with global payments platform Stripe in order to process payments for Kickstarter projects.

 

Previously, Kickstarter used Amazon Payments and required project creators to set up an Amazon Payments business account in order to accept pledges if their crowdfunding project was successful.

 

According to Kickstarter, the shift to the fast-growing payments platform was due to Amazon discontinuing the payments product the crowdfunding platform had previously used. The company says Stripe will mean “a simpler, faster and easier checkout process” for project backers.

 

Stripe launched in Australia in July last year. Head of Stripe Australia and New Zealand Susan Wu previously told StartupSmart the company’s product is the “best thing since vegemite” and that the local market is ripe for innovative web businesses.

 

The company is reportedly valued at $3.5 billion following a recent $70 million raise.

 

Glassdoor closes a $70 raise led by Google Capital and Tiger Global Management

 

Online job-rating startup Glassdoor has secured $US70 million in a funding round led by Google Capital and Tiger Global Management.

 

The startup, which launched in 2008, allows users to anonymously rate their company’s work environment and disclose their pay and has 27 million users worldwide.

 

Glassdoor chief executive Robert Hohman said in a statement the funds will be used to accelerate investments in strategic growth areas.

 

“Our transparency is unrivalled, and we’re fundamentally changing how people search for jobs and companies recruit top talent,” he said.

 

To date, Glassdoor has raised approximately $160 million.

 

The launch of Apple’s smartwatch expected in March

 

Apple’s smartwatch is on track to ship to the United States by the end of March, according to 9to5Mac.

 

The Apple Watch is expected to come in three versions: standard, sport and an edition version. So far the tech giant has only revealed the pricing for the sporting model, which is expected to hit the shelves for $US349.

 

Overnight

 

The Dow Jones Industrial Average is down 0.41%, falling 96.54 points to 17,405.11. The Aussie dollar is currently trading at US80.96 cents.

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