Stripe valuation hits $95bn after $600m funding round
Mar 15, 2021 02:32 EDT with 7 comments
According to the Financial Times (paywall), the online payment processing firm Stripe now has a valuation of $95 billion, making it the most valuable firm in Silicon Valley. It comes after the company s latest financing round which saw it raise $600 million in new equity from organisations including Ireland’s National Treasury Management Agency, Allianz, Fidelity, Baillie Gifford, AXA, and Sequoia Capital.
The 11-year-old company has done well in the pandemic as more businesses have gone online and sought out a payments processor for their online orders. John Collison, one of the founders of Stripe, said that it’s now handling 5,000 requests every second including payments, refunds, and customer data checks.
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