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.
