Stripe raises $600mn

April 17, 2020 | Payments

Written by FinTech Alliance

Stripe raises $600mn

US FinTech Stripe has raised $600mn, it revealed on Thursday.

In Brief:

  •  This is an extension of the firm’s Series G round which initially raised $250mn.

  • The company is now said to be valued at $36bn.

  • Stripe was founded in 2010 with the aim of making it easier to accept card payments.

What does this mean?

Global pandemic is accelerating FinTech adoption as large organisations seek to develop infrastructure for things like payments, as provided by Stripe. It’s expected this change will continue long after the Covid-19 crisis is over.

Read more here.

 

More in Payments

Lloyds partners with Form3  
Payments
July 23, 2020

Lloyds partners with Form3  

Lloyds Banking Group has partnered with Form4 to accelerate digital transformation.   I...

PayPal considers Paxos partnership
Payments
July 22, 2020

PayPal considers Paxos partnership

PayPal is reportedly partnering with Paxos Crypto Brokerage. In Brief: Paxos already par...

How to build a better bank: Modulr’s step-by-step guide

Posted By The Community

Payments
July 20, 2020

How to build a better bank: Modulr’s step-by-step guide

Mark your calendars, on July 23rd Modulr launches our 5-part series on how to build a world leading....

Written By: Modulr

There are no Knowledge Bank in this category

There are no Events in this category