Online payments FinTech Stripe has raised $600mn in its latest funding round.
In Brief:
This included support from the Irish state for the business with Irish founders which promises to create 1,000 jobs in the country.
It also includes Allianz, Fidelity, Bailey Gifford, Sequoia Capital and Axa.
Stripe has seen more than 200,000 companies in Europe sign up for its services since the outbreak of Covid-19.
What does this mean?
Stripe is now one of the highest valued privately owned technology companies in the world. The past year has seen its valuation almost triple with the increasing reliance on digital payment solutions.
