Stripe Treasury, as its website notes, is banking-as-a-service, but, critically, Stripe is not a bank

Capital for platforms is not for Stripe’s customers, but rather the customer of Stripe’s customers, which is to say, Stripe is asserting itself as the platform of platforms

Stripe Treasury is “a banking-as-a-service API that lets you embed financial services in your marketplace or platform.” Simply, by writing a few lines of code, platforms can let their customers set up bank accounts at partner banks like Goldman Sachs and Evolve Bank & Trust.