Fintech & Ecommerce

Stripe became Silicon Valley’s most valuable startup

The company is worth more than SpaceX

Stripe

Stripe became Silicon Valley’s most valuable startup. Source: stripe.com

Stripe has raised a $600 million funding round at a $95 billion valuation. Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA).

The company will use the capital to invest in its European operations, and its Dublin headquarters in particular, support surging demand from enterprise heavyweights across Europe and expand its Global Payments and Treasury Network.

According to the report, Stripe now counts over 50 category leaders—companies processing each more than $1 billion annually—as customers. Enterprise revenue is now both Stripe’s largest and its fastest-growing segment, more than doubling year over year.

In 2021, we will double down on our enterprise capabilities, particularly our customer success teams, to help even more large businesses like Twilio or Zapier significantly increase their revenue. We will also invest in our global expansion to help companies such as Glofox or MATCHESFASHION increase their market opportunity. And through partnerships with enterprise solutions like Salesforce Commerce Cloud we will make it even easier for large multinationals around the world to switch to Stripe
Mike Clayville, Stripe’s Chief Revenue Officer

We’ve reported that Stripe integrated with the Australian tech giant.

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