Traffic jam:   5

Stripe has a market valuation of $95bn

17 March 2021
2 min.
Stripe has a market valuation of $95bn

New funding round

Stripe, the international payment processing company, has raised $600m in funding and has a market valuation of around $95bn. higher than the valuation of Facebook or Uber on the eve of their IPOs. Stripe's millions of customers include dozens of major companies around the world, and it is scaling steadily.

International online payments company Stripe announced on Sunday it had raised a new $600bn funding round to accelerate business development in Europe.

As a result, Stripe's market valuation rose to $95bn, almost three times the last reported valuation of $36bn, when the company also raised $600m in April 2020. Thus, Stripe could be considered the most expensive private fintech company in the world.

If Stripe decides to IPO it could be one of the largest IPOs in history, as it is valued higher than the $80bn raised by Facebook (FB) before its IPO in 2012, and Uber's valuation of $72bn ahead of its IPO in 2019.

Founded in 2011 by Irish-born brothers John and Patrick Collison, Stripe has headquarters in San Francisco and Dublin as well as offices in London, Paris, Singapore, Tokyo and other cities.

Stripe processes payments from customers around the world with multi-card support in more than 135 countries, its partnerships with regulators, many financial institutions, payment networks, banks and consumer wallets make it one of the world's leading payment processors. In December, Stripe launched banking services through partnerships with Goldman Sachs (GS), Citigroup (C), Barclays and Evolve Bank Trust.

Stripe directly competes with Paypal (PYPL) and Square (SQ), which had a market valuation as of Monday 15 March of $297bn and $114bn respectively.

The main investors in Stripe's latest $600bn funding round include Allianz X, Axa, Baillie Gifford, Fidelity Management Research Co., Sequoia Capital and the National Treasury Agency of Ireland (NTMA).

Stripe will use the funds raised as an investment in infrastructure that will support online commerce in 2030 and beyond.

Persons2 and Companies14 in the news

Co-founder of Stripe
1 place
Co-founder of Stripe
2 place
Baillie Gifford
1 place
2 place
Allianz X
3 place
5 place
6 place
7 place
8 place
9 place
Sequoia Capital
10 place
Meta (Facebook)
12 place
13 place
Goldman Sachs
14 place


Rating companies
17 Mention
JP Morgan Chase
16 Mention
Dow Jones
15 Mention
15 Mention
X (Twitter)
13 Mention
Walt Disney Company
13 Mention
11 Mention
11 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year