Fintech Startup Stripe Emerges as Second Most Valuable Unicorn Globally
Silicon Valley based firm, Stripe that creates economic infrastructures for the internet has emerged as the second most valuable unicorn globally post its latest round of fundraise. Having raised $600 million, the firm is currently valued at $95 billion, second only to Byte Dance, the owner of the short video format app, TikTok which is currently valued at $140 billion.
According to a company statement, the current round of funding was invested by Allianz X, Axa, Bailie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency.
John Collison, President & Co-founder, Stripe spoke about the firm’s next plan of action to invest across the European market, particularly Ireland.
He further added, “In 2021, Stripe will continue to build its global payments and treasury network, further expanding its suite of software and services to help ambitious businesses drive more revenue. Stripe will also soon be available to millions more businesses in Brazil, India, Indonesia, Thailand and the UAE.”
Stripe has built programmable infrastructure for global money movement, known as its Global Payments and Treasury Network, as well as a growing roster of products and services atop that foundation, including billing, capital, connect, issuing, radar, terminal and treasury.
Dhivya Suryadevara, CFO, Stripe, said, “We’re investing in the infrastructure that will power internet commerce in 2030 and beyond,” said. She further said, “The pandemic taught us many things about society, including how much can be achieved—and paid for-online, but the internet still isn’t the engine for global economic progress that it could be.
We’re laser focused on helping ambitious businesses grow faster. While Stripe already processes hundreds of billions of dollars per year for millions of businesses worldwide, the opportunity ahead is much larger for Stripe than it was when the company was started 10 years ago.”
According to a company statement, the current round of funding was invested by Allianz X, Axa, Bailie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency.
John Collison, President & Co-founder, Stripe spoke about the firm’s next plan of action to invest across the European market, particularly Ireland.
He further added, “In 2021, Stripe will continue to build its global payments and treasury network, further expanding its suite of software and services to help ambitious businesses drive more revenue. Stripe will also soon be available to millions more businesses in Brazil, India, Indonesia, Thailand and the UAE.”
Stripe has built programmable infrastructure for global money movement, known as its Global Payments and Treasury Network, as well as a growing roster of products and services atop that foundation, including billing, capital, connect, issuing, radar, terminal and treasury.
Dhivya Suryadevara, CFO, Stripe, said, “We’re investing in the infrastructure that will power internet commerce in 2030 and beyond,” said. She further said, “The pandemic taught us many things about society, including how much can be achieved—and paid for-online, but the internet still isn’t the engine for global economic progress that it could be.
We’re laser focused on helping ambitious businesses grow faster. While Stripe already processes hundreds of billions of dollars per year for millions of businesses worldwide, the opportunity ahead is much larger for Stripe than it was when the company was started 10 years ago.”
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