Note from the CEO: Ah, the always debatable “valuation” question is alive again. My first thought; are you kidding? I really thought they were till I saw the investor groups putting up cash. Do they remember Pets.com? Look it up.
A $9 billion valuation for Stripe, a US fintech firm with a nice list of VC firms and big name investors counted as “proof” that Stripe has pedigree. Stripe, which is global (110 countries) and now one of the biggest new tech companies in the US, is obviously growing rapidly in the digital payments field and now has $150 million to help it achieve justifying that valuation. This will be an ongoing story for sure.
“Stripe, a US fintech firm founded by two Irish brothers, has raised $150 million in a funding round that values the company at over $9 billion.
The investment round, first reported by The Wall Street Journal, was led by CapitalG and General Catalyst, and also included participation from existing investors including Sequoia Capital. Facebook investor Peter Thiel and Tesla founder Elon Musk have also invested in Stripe in previous rounds.
Founded in 2011, Stripe’s payments platform has become increasingly popular with startups, with businesses like Deliveroo and Kickstarter using the service. But large companies are also moving over to Stripe. In the past year, companies including SAP, Adidas, Slack, Medium, the Daily Mail, and both presidential campaigns have become Stripe customers.
The round makes Stripe ,which has users in 110 countries, one of biggest new technology companies in the US and values the business at $4 billion higher than its most recent valuation, which was $5 billion in the summer of 2015.”