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Stripe valued at $115bn, seeks further funding

Irish Times

Stripe’s valuation has risen threefold in less than a year with the online payments company now estimated to be worth about $115 billion (€95.3 billion), according to reports.

The company founded by Irish brothers Patrick and John Collison in 2010, was previously valued at $36 billion last April after it secured a further $600 million to bring total investment to date to $1.3 billion

However, Forbes magazine claims investors are now valuing Stripe at $115 billion in “secondary market” transactions, where shares of a private company’s stock are sold after first being issued.

The publication also says Stripe is planning a new funding round at a valuation of more than $100 billion.

The claim comes months after Bloomberg reported Stripe was in talks to raise a funding round with a valuation being discussed between $70 billion to $100 billion.

Image result for stripe logo


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