· Pär-Jörgen Pärson, Northzone Online payment processing company Stripe continues to be a key holding for European investors, notching its third appearance on the driver list on the heels ofthat it is in talks to raise private funding at a valuation of $70 – $100 billion. The potential financing follows Stripe’s $600 million Series G extension round in April, which propelled the company to a $36 billion valuation.
The stock price has approximately doubled since the public listing, driven in part by expectations around Unity’s expansion into non-gaming uses, including applications in the automotive, architecture, and manufacturing industries, which have prompted some analysts and investors to characterize the company as the next Autodesk or Adobe.
The company recently introduced its Cash Management feature, which allows customers to earn interest on uninvested cash and use personalized debit cards to make purchases, pay bills, and invest in stocks and ETFs. The company’s founders have spoken about taking the company public, but there has been no formal indication of an IPO to date.ADVERTISEMENTFarfetch
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