July 28, 2021

FinTech: Stripe hits $ 95 billion valuation after new mega-round

The American online payment specialist Stripe 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. This fundraising indeed values ​​the company at 95 billion dollars (80 billion euros), details Stripe in this press release. It was previously valued at $ 36 billion.

Fund its “European activities»

Stripe explains that they intend to use these funds “To invest in its European activities, and in its head office in Dublin in particular, to support the 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 statement details.

After the assault on Capitol Hill in Washington on January 9 by supporters of the US president, Stripe decided to stop managing transactions on Donald Trump’s campaign site. Launched in 2011 by two Irishmen, the brothers Patrick and John Collison, the Californian company Stripe counts among its clients numerous start-ups as well as large groups including the digital giants, in 42 countries, including 31 in Europe. Former Bank of England and Bank of Canada Governor Mike Carney joined its board in February.

Fundraising news is presented to you in partnership with Junto

Stripe: the key data

Founders: John and Patrick Collison
Creation: 2010
The head office: San Francisco
Sector: FinTech, Internet
Activity: online payment platform for businesses

Funding: $ 600 million fromAllianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital et Ireland’s National Treasury Management Agency (NTMA).