EP140 - Stripe Head of Stripe Issuing, Lachy Groom Lachy Groom is the head of issuing at Stripe. Stripe is a payment processor that provides a set of tools to help businesses accept payment online.  Their clients include Warby Parker, Wish, and Target.  Lachy was the 30th employee at Stripe, he leads Stripe Issuing which is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards. In this interview, we cover Lachy's background, the range of Stripes services, the state of online payments, mobile payment best practices, digital wallets, and marketplaces. Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 140 of the Jason & Scot show was recorded on Friday, August 3, 2018. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, and Scot Wingo, Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:29] Welcome to the jason and scott show. This is episode one, forty, being recorded on friday, august third, two thousand eighteen. I'm your host, jason retail, g, goldberg. And, as usual, i'm here with your co host, scottwingo. Scot: [0:43] Hey, jason, and welcome back, jason's got show listeners. Well, jason, one of our favorite topics on the show, and certainly something near and dear to your heart, is payments on dhere in two thousand eighteen. You cannot think about payments without thinking about one of the top payment companies out there. Stripe we're very excited tohave on the show, laki groom, who is the head of Stripe, issuing here with us today, he is employee number thirty, and we're excited to have you lucky. Welcome to the jason scott show. Lachy: [1:15] Thanks very much for having me. Jason: [1:18] We're super excited, and i'm eager to jump into payments. But before we do, one of things we always like to do on the show is, have our guests give a little bit of a background of their career and sort of how theycame to the role. And particularly in your case, it seems like Stripe was still a very small, entrepreneurial company. When you came to them. So could you. Could you give us the kind of ah, the version of your career project progression? Lachy: [1:43] Sure so i i started seven in online development startups things of that nature pretty young my my granddad actually taught me html when i was a kid, which got me pretty fascinated with the internet and from there i had a, i started a business creating websites for friends and family and that sort of just, just grew into servicing clients around the world on di i got started in and sort of something tangentially related to payments when i started a company called card nap which is a was a gift card marketplace, on dh ii build this side out in australia it looked pretty similar to a company called plastic jungle here in the u s, and it was just a nightmare to set up setting up this marketplace where i had to accept payments and pay people out manage inventory in and verifications and and so i ended up pivoting that business to be something elsethat it didn't really have a lot of those complexities. [2:41] Ah and and from there that that really just kicked off my fascination with with startups and tech and so i knew i wanted to move out toe, san francisco and had had a few friends that walked it Stripe didn't really understand this whole, developer tools thing until they explained it to me and explained how starting my business back in australia could mean so much simpler if something like Stripe have existed ah and that that began my my joanie it'sStripe as one of the, first few business high as high, initially focused on on one of our products, a product called check out. Then i moved in tow. International expansion, where i helped Stripe launch, and singapore, australia and new zealand, h