Stripe Connect
Embedded payments infrastructure for energy platforms to power financial services across their utility client base
- Billing & Payments
Centralized onboarding and KYC/AML compliance management for all connected utility clients, handled by Stripe
Flexible fund flow architecture: destination charges, separate charges & transfers, and direct charges to match any utility billing model
100+ payment methods across 40+ countries through a single platform integration—no separate regional contracts required
Unified dashboard for Kraken to manage all connected utilities: accounts, disputes, payouts, and reporting in one place
Revenue monetization tools: configurable buy-rate, rev-share, or custom fee structures to generate platform revenue from payments
Running payments for a portfolio of utility clients across multiple geographies is operationally complex. Each client has different customer bases, payment method preferences, regulatory environments, and reporting needs. Building and maintaining separate Stripe integrations for each utility—or managing compliance across jurisdictions independently—creates significant engineering and operational overhead for the platform.
Stripe Connect is the payments infrastructure layer that allows platforms like Kraken to embed and orchestrate Stripe's full payment capabilities across their utility client base. Rather than each utility contracting with Stripe independently, Connect gives Kraken centralized control over onboarding, compliance, fund flows, and reporting—while each utility retains full visibility into their own payment activity.
Stripe handles the compliance complexity: KYC/AML screening, PCI DSS, and local acquiring requirements are managed centrally, so neither Kraken nor its utility clients need to navigate these independently in each market. This allows Kraken to scale its payment offering to new utility clients and geographies without adding compliance or engineering overhead per deployment.
Target users are platform and engineering teams at Kraken managing payment operations, and product teams at utilities seeking a seamless, fully managed payments experience within the Kraken ecosystem. With Connect, utility clients gain access to 100+ payment methods across 40+ countries through a single integration—no standalone Stripe contract required. Flexible fund flow models support any utility billing structure, and Kraken can monetize the payment layer through configurable fee structures including buy-rate and revenue-share models.
Scale without complexity
Kraken can onboard new utility clients to Stripe in days, with Stripe managing KYC and compliance—no additional engineering overhead per client.
Reduce compliance burden
Stripe's centralized compliance framework covers PCI DSS, KYC, AML, and local acquiring requirements across all connected utilities, removing significant overhead for both Kraken and its clients
Expand globally with one integration
Connect enables Kraken to extend payment capabilities to utility clients in 40+ countries without building separate regional integrations or establishing local acquiring relationships.
Stripe
Stripe is the global leader in payments infrastructure, trusted by millions of businesses to power their financial operations
