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Stripe’s valuation upgraded as firm looks to learn from Plaid ‘kerfuffle’ | Business Post

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Fidelity Investments has marked up the value of its stake in Stripe, the online payments company, having downgraded it earlier this year.

Patrick and John Collison of Stripe: the company is facing allegations of ‘underhand tactics’

The move comes as the chief executive of Plaid, a US-headquartered fintech and former partner company, publicly accused Stripe of underhand tactics, which Stripe has vehemently denied. Fidelity, a US investment manager that has backed Stripe across a number of funding rounds, repriced the value of its holdings in the payments firm to...

 

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