Stripe Secures $600 Million Funding at a Valuation of $95 Billion | Finance Magnates
Summary
Stripe, an online payment processing company, announced today that it has raised $600 million in the latest funding round at a valuation of $95 billion. Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense.” In addition, Stripe is planning to expand its Global Payments and Treasury Network with the latest capital. The company recently expanded its services to 5 European countries including Czech Republic, Romania, Bulgaria, Cyprus and Malta. “Axel Springer, Jaguar Land Rover, Maersk, Metro, Mountain Warehouse and Waitrose have all recently turned to Stripe to grow and diversify their online revenue, or move faster on their transformation projects. “Most people underappreciate Stripe’s global scale and leading ability to serve the most complex enterprise customers,” said Timothy Chiodo, Head of Payments and Fintech Research at Credit Suisse.