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Yesterday, India’s crypto community rejoiced after the finance minister said the government was “not shutting all options” on cryptocurrencies. But their joy was short-lived, as Reuters reported earlier today that India is set to pass one of the world’s toughest
cryptocurrency laws.
India’s first gaming IPOIndia to ban trading, mining and owning cryptocurrencies
India will propose a law banning cryptocurrencies and will fine anyone trading, mining or even just holding these digital assets, a senior government official told Reuters. It is a huge potential blow to millions of investors piling into the red-hot asset class.
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Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion.
Stripe is now more valuable than SpaceX and is likely the most valuable private tech company ever.
Stripe s CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise.
Stripe has raised a new $600 million round of funding that sends the online payments processor s valuation skyrocketing up to $95 billion, the company announced on Sunday.
That valuation makes Stripe the most valuable private tech company in the world, beating out SpaceX s last valuation of $72 billion. In fact, the Financial Times reports that Silicon Valley-based Stripe is now the most valuable privately-held tech company in history, surpassing the $80 billion or so mark achieved by Facebook ahead of its own IPO, or the $72 billion high-water mark hit by Uber.
News
Stripe raises a USD 600 mln funding round to accelerate momentum in Europe Monday 15 March 2021 12:45 CET | News
Stripe has raised a USD 600 million funding round, at a USD 95 billion valuation, to expand its European operations.
According to the press release, its primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA). The company will use the capital to invest in its European operations, and its Dublin headquarters in particular, support surging demand from enterprise heavyweights across Europe, and expand its Global Payments and Treasury Network.
Furthermore, of the 42 countries in which Stripe powers businesses today, 31 are in Europe. And many of the continent’s largest and fastest growing companies are building on the platform. Axel Springer, Jaguar Land Rover, Maersk, Metro, Mountain Warehouse and Waitrose have all recently turned to Stripe
Stripe Becomes Most Valuable Startup in US, $600M Funding Pushes Its Valuation to $95B
Mar 15 2021 · 11:45 UTC by Ibukun Ogundare · 3 min read
Patrick Collison (right) & John Collison, Stripe Founders. Photo: Stripe Share this article
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Stripe plans to use the funds to expand its European headquarters business and its general businesses in Europe as well.
Financial services company Stripe has recorded $95 billion in its valuation after raising $600 million in a recently-concluded funding round. Now, the payments company has become the most valuable startup in the US after previously valued at $35 billion.
Stripe New Valuation after Funding Round