Stripe, a payments company, has raised $600 million in a Series H funding round. The round was led by Allianz X and Sequoia Capital.
The new funding round values Stripe at $95 billion, making it the most valuable private fintech company in the world.
Stripe was founded in 2010 by brothers Patrick and John Collison. The company provides payment processing services to businesses of all sizes. Stripe’s platform is used by companies like Lyft, Spotify, and Airbnb.
The company has grown rapidly in recent years. In 2022, Stripe processed $350 billion in payments. The company is on track to process $500 billion in payments in 2023.
The new funding round will be used to accelerate Stripe’s growth. The company plans to hire more engineers and expand its product offerings. Stripe also plans to invest in new markets, such as Asia and Latin America.
The funding round is a major vote of confidence in Stripe’s growth prospects. The company is well-positioned to continue to grow in the years to come.
Here are some additional details about the funding round:
- The round was led by Allianz X and Sequoia Capital.
- The round was also participated by other investors, including Tiger Global Management, Dragoneer Investment Group, and Altimeter Capital.
- The new funding round values Stripe at $95 billion.
- Stripe was founded in 2010 by brothers Patrick and John Collison.
- Stripe provides payment processing services to businesses of all sizes.
- Stripe’s platform is used by companies like Lyft, Spotify, and Airbnb.
- Stripe has grown rapidly in recent years. In 2022, Stripe processed $350 billion in payments. The company is on track to process $500 billion in payments in 2023.
- The new funding round will be used to accelerate Stripe’s growth. The company plans to hire more engineers and expand its product offerings. Stripe also plans to invest in new markets, such as Asia and Latin America.
The funding round is a major vote of confidence in Stripe’s growth prospects. The company is well-positioned to continue to grow in the years to come.
In addition to the funding round, Stripe also announced a number of new products and features. These include:
- Stripe Capital: A new lending product that provides businesses with access to capital to grow their businesses.
- Stripe Radar: A new fraud prevention tool that helps businesses to protect themselves from fraud.
- Stripe Climate: A new initiative that helps businesses to reduce their carbon footprint.
The new products and features are designed to help businesses of all sizes to grow and succeed. Stripe is committed to providing businesses with the tools they need to succeed.