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United States: Stripe raises $ 600 million, almost triples its valuation

2021-03-15T17:46:32.900Z

This fundraising valued the company specializing in online payment at $ 95 billion. Stripe is once again on the rise. The American online payment specialist announced on Sunday that it had raised 600 million dollars (500 million euros), which allows it to almost triple its valuation, according to a press release. Read also: United States: Stripe no longer wants to handle payments on Trump's campaign site This fundraising indeed values ​​the company at 95 billion dollars (80 bil



Stripe is once again on the rise.

The American online payment specialist announced on Sunday that it had raised 600 million dollars (500 million euros), which allows it to almost triple its valuation, according to a press release.

Read also: United States: Stripe no longer wants to handle payments on Trump's campaign site

This fundraising indeed values ​​the company at 95 billion dollars (80 billion euros), details Stripe in this press release, against 36 billion previously.

Stripe explains that it intends to use these funds "

to invest in its European operations, and in its Dublin headquarters in particular, to support growing demand from businesses across Europe and to expand its Global Payments and Treasury Network

 ", its infrastructure created in 2019 for global payments.

Investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland's National Treasury Management Agency (NTMA), the press release details.

Digital giants as customers

Launched in 2011 by two Irishmen, the brothers Patrick and John Collison, the Californian company Stripe is present in 42 countries, including 31 in Europe and will soon be available in Brazil, India, Indonesia, Thailand and the United Arab Emirates.

Its clients include a large number of start-ups as well as large groups including digital giants including Google, Uber, Spotify, Amazon and Salesforce.

However, she decided to separate from one of her clients last January.

After the assault on Capitol Hill in Washington by supporters of the US president, Stripe has indeed decided to stop managing transactions on Donald Trump's campaign site.

Read also: The FinTech Stripe buys an African start-up for $ 200 million

The company, which is remunerated by receiving a commission on transactions received by its customers, managed to generate income from its inception.

A success that had allowed him in 2018 to already raise 245 million dollars from a valuation of 9 billion dollars to 20 billion in just two years.

Former Bank of England and Bank of Canada Governor Mike Carney joined its board in February.

Source: lefigaro

All business articles on 2021-03-15

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