News Formal

President, cofounder John Collison on why Stripe raised $600 million - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The president of Stripe says the $36 billion payments company raised $600 million in fresh funding so it can keep hiring and growing despite the downturn: 'We want Stripe to be able to keep investing'

at a sky-high $36 billion valuation from Andreessen Horowitz, GV , Sequoia, General Catalyst, and other investors. and increased its valuation only slightly from $35 billion. The company indicated at the time that it would not seek an IPO any time soon and there's no sign that anything's changed since.

At the same time, Collison says, the funding comes as Stripe enjoys a position of strength: The company said on Thursday that it has over $2 billion on its balance sheet, and that it had already signed big customers like Mattel, NBC, and food-delivery app Caviar in the first few months of the year.

Collison says that Stripe sees this kind of M&A as "the sensible thing to do," and that the company is always looking for good opportunities to buy startups.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 729. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Digital payments platform Stripe raises $600 million - Business InsiderStripe has been thriving during the country-wide lockdown, thanks to its focus on enabling businesses to allow online purchases. ridiculous
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Digital payments platform Stripe raises $600 million - Business InsiderStripe has been thriving during the country-wide lockdown, thanks to its focus on enabling businesses to allow online purchases. ridiculous
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

AI security startup Onfido used this pitch deck to raise $100 million - Business InsiderBuzzy AI security startup Onfido has raised $100 million. We got an exclusive look at its pitch deck.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Startup BioCatch raises $145 million as behavioral biometrics boom - Business InsiderAI startup BioCatch raises $145 million to help banks change how they do fraud detection because the coronavirus crisis means people don't want to use public touchscreens
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »