Shopify’s business bank account to be backed by Stripe, Evolve Bancorp

The Memphis, Tenn.-based financial institution will hold deposits and issue debit cards for U.S. merchants using the e-commerce giant’s new Balance feature. Stripe is also launching a new set of APIs that allows its clients to offer their customers accounts and other services with Goldman Sachs in the U.S. and Citibank and Barclays internationally. (The Wall Street Journal, The Logic)

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