Stripe Raises $600M; Valued at $95 Billion

Stripe, a San Francisco, CA-based provider of a payments infrastructure for the internet, raised a $600m funding round at a $95 billion valuation.

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, its Dublin headquarters in particular, and expand its Global Payments and Treasury Network.

Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies like Salesforce and Facebook—use its software to accept online payments and run financial operations in more than 100 countries.

The company now counts more than 50 category leaders—companies processing each more than $1 billion annually—as customers. These include Axel Springer, Jaguar Land Rover, Maersk, Metro, Mountain Warehouse Waitrose, Deliveroo (UK), Doctolib (France), Glofox (Ireland), Klarna (Sweden), ManoMano (France), N26 (Germany), UiPath (Romania), and Vinted (Lithuania).

Stripe has also built a Global Payments and Treasury Network, as well as a growing roster of products and services atop that foundation, including Billing, Capital, Connect, Issuing, Radar, Terminal and Treasury.

In 2021, the company will continue to build its network. It will also soon be available to millions more businesses in Brazil, India, Indonesia, Thailand and the UAE.

FinSMEs

15/03/2021