Stripe, a San Francisco, CA-based company that builds solutions to accept payments and manage business online, raised $250m in additional funding.
The round was raised at a new pre-money valuation of $35 billion.
Backers included General Catalyst, Sequoia, and Andreessen Horowitz, among others.
The company will use the capital to accelerate its growth in three key areas:
– accelerating international expansion;
– growing its product suite; and
– extending its enterprise capabilities.
Co-founded in 2011 by Patrick Collison, CEO, and John Collison, President, Stripe combines a payments platform with applications that put revenue data at the heart of business operations. The company has built a programmable infrastructure for global money movement, the Global Payments and Treasury Network (GPTN), and some products and services atop that foundation, including Connect, Billing, Terminal, and Radar.
Last week, Stripe announced new products including Stripe Capital, to give businesses easier access to funds; a corporate card, to manage their corporate spending; instant payouts to all of its US accounts; etc.
Headquartered in San Francisco, with offices in Dublin, London, Paris, Singapore, Tokyo, and more, where it has 1,700+ employees, the company recently launched in eight additional countries and will be expanding to more in the coming months.
FinSMEs
20/09/2019