Author: Business Standard

fintech fintech US investment payments

Fintech startup Stripe in talks for new funding at much higher valuation

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said

US fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said, citing one of the sources.

Stripe, which is currently valued at $36 billion, declined to comment on the report.

Consumer-facing fintechs have seen a boost to their businesses during the Covid-19 pandemic, as people have been staying at home to avoid catching the virus and have increasingly been managing their finances online.

Stripe, whose products let companies receive online payments and bill customers, raised $600 million in April in an extension of a Series G round.

Source: Business Standard

Check out our other articles here.

Recommended posts

From Chatbots to Job Cuts - Klarna’s AI Shakeup & the Future of Fintech Talent

From Chatbots to Job Cuts: Klarna’s AI Shakeup & the Future of Fintech Talent

Klarna’s AI Shakeup and the Future of Fintech Talent Since its founding in 2005, Klarna has positioned itself as a leading player in the
Meet the 11 Women Leading the Fintech Revolution

Redefining the Future of Finance: Meet the 11 Women Leading the Fintech Revolution

They say that money moves the world, but who moves the money? Meet the female fintech leaders dismantling legacy systems, bridging financial divides, and
New podcast: An Interview with Tom van Wees and Roderick de Koning, CCO and CEO of Ginger Payments