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
  • 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
  • The company now counts more than 50 category leaders—companies processing each more than $1 billion annually—as customers
  • Stripe has also built a Global Payments and Treasury Network, as well as a growing roster of products and services atop that foundation
  • 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
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...

Binance Launches Prediction Markets Feature, Expanding Trading Options

Users can now engage in prediction markets on Binance for various events.Highlights: Binance launches a new prediction markets...