Stripe raised $245 million in a new investment round. This would result in a total value of no less than 20 billion dollars. A nice milestone, because the company would like to be listed on the stock exchange in 2019 or 2020.
The company was founded in 2010 and processes payments on the sites of its customers. In recent years, it has added many new products to its range, including a service called Radar, aimed at detecting fraud. Other services include Stripe Issuing for debit cards, Stripe Terminal for payments.
Stripe’s customers include some of the world’s largest tech companies. Think of Amazon, Facebook, Uber, Spotify and Didi Chuxing Technology. This new investment round was led by Tiger Global Management and included investments from DST Global, Sequoia, Andreessen Horowitz, Kleiner Perkins, Khosla Ventures, General Catalyst and Thrive Capital, among others.
The money raised will be used for Stripe’s international expansion. For example, a hub will be opened in Singapore. By the way, Stripe was already raising a lot more money. With the 245 million dollars of this investment round, investors have already invested a total of 685 million dollars in the company.
Trade show possible?
All these investment rounds have led to considerable speculation about a possible IPO. It is speculated that the company would like to enter the stock market in the course of 2019 or 2020. But in 2016, Chief Financial Officer Will Gaybrick stated that the company had no plans to go public in the near future. CEO Patrick Collison repeated those words in April 2017.
In an interview with TechCrunch at the time, Collison told us that the company was doing very well and that it wanted to grow its offer in the long term. Strong companies are not always dependent on external money.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.