| With its Stripe Connect product, Stripe wants to make it easier for on-demand and marketplace businesses to not only process payments from their customers, but also make payments to contractors and vendors. In an effort to bolster the tax reporting tools available to them, the company has acquired long-term partner Payable. Payable operates a platform aimed at on-demand companies that simplified the process of onboarding and tracking payments to large numbers of contractors. But the most valuable piece of the business ended up being the company’s tax reporting, allowing businesses to easily generate 1099 tax forms for contractors Network Security. Over the years Stripe has been strategically acquisitive, as it looks to add certain features to its product suite that customers find valuable. In the case of Payable, the acquisition came about over multiple years of partnering to make tax reporting easier for businesses that made payouts to contract employees. Stripe and Payable first started working together in 2015, when the companies partnered to provide 1099 forms to Stripe Connect users. For large-scale on-demand companies like Lyft and DoorDash as customers, the partnership helped to massively simplify tax reporting. Through a deep integration with the Stripe API, Payable could seamlessly generate tax forms for hundreds of thousands of vendors and contractors that Connect customers made payments to over the prior year. The companies doubled down on the partnership last year by sharing resources and even communicating via Slack, and were able to process 10 times as many 1099 forms as the year before freemax starre v3. As a result of that partnership, Payable realized it was better off working with Stripe than trying to go it alone. In a blog post, Payable co-founder Peter Terrill wrote that the company “brought on more users in January of 2016 as part of the partnership than we had in the previous two years combined.” With the acquisition, Stripe will be bringing the company’s product and expertise in-house. For existing Payable customers, the company’s tax reporting tools will continue to be hosted on payable.com through the next tax season. Thereafter, Stripe will integrate those tax reporting features available free of charge to Stripe Connect users as part of the Stripe Dashboard. A new app is looking to romantically match folks who are verified Twitter users. Blue, by Loveflutter, has launched a new version of their existing dating app that only allows Twitter users with that little blue tick to search for love, and only amongst their fellow blue-tick holders. Loveflutter has actually been around for a while, pivoting from matches based on shared interests (innovative!) to now focus on analyzing tweets and Twitter activity to match people. And with that switch, so was born Blue tourism publication. For those of you who are verified (and actually interested in this for some reason), the app is rolling out in San Francisco, Los Angeles, New York, London and Tokyo, but will only go live once it has 1,000 local members. So, maybe never. Of the just over 300 million users on Twitter, around 150,000 are verified, with about 25 percent of them coming from the world of journalism/media, according to a report from 2015. That number will surely continue to grow now that Twitter has opened up applications to get verified. Actual celebrities — people like Justin Bieber and Taylor Swift — have plenty of options for dating outside of using their Twitter Verified status. This includes Tinder Select, Raya, and… walking into any bar on the planet. If anything, this is a smart way to lead-gen into the existing Loveflutter service. If (or when) Blue actually goes live in New York, I’ll be sure to begrudgingly let you know.
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