Stripe, a financial infrastructure platform for businesses, has announced that it will power over a million subscriptions for 1Password. 1Password will use Stripe Billing to manage subscriptions across its consumer and business segments and Stripe Radar, Stripe’s fraud prevention solution. 1Password serves as Stripe’s enterprise password manager as part of its multilayered approach to security.
Headquartered in Toronto and founded in 2005, 1Password is a leader in identity security. Trusted by over 150,000 businesses and millions of consumers, 1Password offers an Extended Access Management solution that secures every sign-in for every app on every device. The company is on a mission to deliver enhanced security and user productivity. 1Password has expanded its business-to-business customer base and it now accounts for over two-thirds of the company’s total revenue.
“We’ve evolved our business model to cater to a wide range of customers, from individuals to enterprises, which comes with unique challenges like offering multiple pricing tiers and different billing cycles,” said Julian Teixeira, 1Password’s Chief Revenue Officer. “Stripe Billing made it easy for us to handle that complexity, so we can focus on what really matters—building great products and growing our business globally.”