Hargreaves Lansdown Selects Stripe to Power a Tech Transformation as Its Primary Payments Partner

Stripe, a global technology company which provides economic infrastructure for the internet, is today (28 June 2021) announcing that it has been selected by Hargreaves Lansdown, the UK’s leading digital wealth management platform, to be their primary payments partner.

Hargreaves Lansdown has chosen Stripe for:

• Payments acceptance, using Stripe Payments
• Fraud prevention, using Stripe Radar
• Client money segregation, using Stripe Connect

Selecting Stripe is a key step in Hargreaves Lansdown’s evolution into a cloud-native business, with 98% of all Hargreaves Lansdown transactions from its 1.6 million users now taking place online. By building on Stripe, Hargreaves Lansdown will enable savers and investors to more easily deposit funds, in time using a wide range of payment methods.

Hargreaves Lansdown joins dozens of businesses processing billions of pounds on Stripe, and millions of other users that build on Stripe to adapt to the internet economy – from technology unicorns such as Depop and Deliveroo, through to heritage enterprise brands such as Direct Line and NewsUK.

Chris Worle, Chief Digital Officer at Hargreaves Lansdown, said: “Working with Stripe will allow us to scale our business in the years to come, helping us to grow our capabilities for the future. Our partnership will make it simple for people to access their investments and savings efficiently, offering an unrivalled variety of payment methods, while providing certainty and security. This will allow us to focus on what we do best, delivering a great service and experience to our 1.6 million clients.”

Commenting on the announcement, Max Roberts, Stripe’s UK Country Lead, said: “The last 18 months have seen many established market leaders begin to future-proof their business from a position of strength as more of the economy moves online. Stripe works with many of the UK’s most respected brands to grow their revenues and help them adapt to changing customer behaviours, new regulations, and more. We’re excited to partner with Hargreaves Lansdown, as they rebuild their tech stack and invest in their user experience.”