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Stripe expands its infrastructure play with Data Pipeline to sync financial data with Amazon and Snowflake

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Stripe — the payments giant valued at $95 billion — is on a product sprint to expand its services and functionality beyond the basic payments that form the core of its business today. Today the company took the wraps off Data Pipeline, an infrastructure product that will let its users create links between their Stripe transactions data and data stores that they keep in Amazon Redshift or Snowflake’s Data Cloud.
The move underscores how Stripe is positioning itself as more than just a payments provider, but a larger financial services and data powerhouse, a “financial infrastructure platform for businesses” in its own words.
The launch comes just weeks after the company announced Financial Connections, which lets Stripe customers connect with their customers’ banking services to pull in more complete financial …

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