Tech company Stripe hits USD $20B valuation

Tech company Stripe hits USD $20B valuation

Tech company Stripe has just processed its largest payment to date. The startup confirmed closing a $245 million funding round at a valuation of $20 billion, more than double what the San Francisco-based payment tech company was worth about two years ago.

According to the company’s co-founder John Collison, Stripe will use the “primary capital” to finance international expansion and enable Stripe to handle more large accounts.

company announced a new engineering hub in Singapore yesterday, and recently brought in new client-giants like Uber, Didi Chuxing, and Spotify.

About Stripe :

Stripe is a technology company. Its software allows individuals and businesses to receive payments over the Internet. Stripe provides the technical, fraud prevention, and banking infrastructure required to operate on-line payment systems.

Tech company Stripe hits USD $20B valuation < Business News



error: Content is protected !!