Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

Bloomberg | Katie Roof and Scott Deveau | Nov 24, 2020

stripe founders John and patrick - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or MorePrivate financial technology business Stripe Inc. is in talks to raise a new funding round valuing it higher than its last private valuation of $36 billion, according to people familiar with the matter.

The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion, said one of the people, who asked not be identified because the matter is private. That would make it currently the most valuable venture-backed startup in the U.S., according to CB Insights.

Stripe’s software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. According to its website, Stripe’s customers include Amazon.com Inc., Salesforce.com Inc., Lyft Inc. and Instacart Inc.

See: 

Lightspeed and Stripe Partner to Launch New Payments Feature

Stripe, the world’s most valuable private fintech company, is getting into lending

NCFA Sign up for our newsletter - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

The company has benefited during the pandemic with more shoppers turning to e-commerce. It’s gone on offense during the downturn this year, starting a card-issuing service for U.S. clients and agreeing to acquire a Nigerian startup to expand in Africa.

Brother Founders

Irish brothers John and Patrick Collison founded Stripe in 2010. The duo sold their first company for $5 million when they were teenagers and are now worth about $4.3 billion each, according to the Bloomberg Billionaires Index.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or MoreFF Logo 400 v3 - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or Morecommunity social impact - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More



NCFA COVID 19 letter to government to support Fintechs and SMEs - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

NCFA Newsletter subscribe600 - Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More