Market Overview

Stripe Valued At $35 Billion

Share:
Stripe Valued At $35 Billion

Privately held payment tech company Stripe Inc. said Thursday that its latest round of fundraising has pushed the company’s valuation to $35 billion, which would put it among the highest-valued startups.

The $35-billion valuation is up from a previous round of funding earlier this year that put it at $22 billion.

The company said venture capital firms General Catalyst, Sequoia and Andreessen Horowitz are among the investors contributing to its $250-million fundraising round, which it said is aimed at expanding internationally, launching additional products and targeting larger business customers.

It also follows an announcement earlier this month that Stripe is entering a new business, offering lending services to small online businesses. Most of its business now centers around payment processing.

The Benzinga Global Fintech Awards are Nov. 19 in New York City. Click here for more information. 

Related Links:

Guggenheim: Stripe, Amazon Pay Present Growing Challenge To PayPal

Stripe Capital: What You Should Know

Photo courtesy of Stripe.

Posted-In: payments StripeFintech News Financing Startups Best of Benzinga

 

Related Articles

View Comments and Join the Discussion!

Mid-Afternoon Market Update: Dow Turns Red; AIM ImmunoTech Shares Spike Higher

Blockchain Company Trace Receives Patent For CBD Supply Chain Software