Stripe raises new capital, reaching $95 billion valuation ahead of highly anticipated market debut

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stripe has raised a $600 million Series H funding round that boosts its valuation to $95 billion, ahead of what's become a highly anticipated Wall Street debut.

Stripe has raised a $600 million Series H funding round that boosts its valuation to $95 billion.

The digital payments company says it plans to "invest a ton more in Europe this year," using the new capital in 31 European countries of the 42 that it operates worldwide. Next to Robinhood, the fintech company remains one of the largest private unicorns yet to make a highly anticipated Wall Street debut.Online payments technology provider Stripe announced Sunday that it has raised a new $600 million round of funding that values the company at $95 million — nearly triple its last reported valuation of $36 billion from April 2020, according to PitchBook data.

Stripe, which makes software that allows businesses to accept payments over the internet, intends to invest the new capital into its European operations, the company said in a. Thirty-one of the 42 countries that Stripe operates in are located in Europe, and President and Co-Founder John Collison singled out Ireland — where the company is headquartered — as a particular area of focus.

Founded more than a decade ago, today Stripe is by far the most valuable private fintech company, with Robinhood trailing at a roughly $11.7 billion valuation after investors

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisamakTT for transparency and trust.

stripe does not need to ipo :)

凄いですね🤔💭

Damn.

Sooo.. how does an average Joe get a direct piece of this action?

Me: 'Oooo... 17 cents!'

Hey guys✋ Please support true journalism Please subscribe our channel Your 1sec and 1 sub means a whole world to someone Thank you:)

I’m getting Enron vibes with this company 🤨

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines