FinTech startup Stripe has reached $35bn valuation following its latest funding round.
In Brief:
-
Stripe has raised $250mn in equity in this round.
-
The round was led by Sequoia and Andreessen Horowitz.
-
Stripe’s clients include Airbnb, Lyft and Spotify.
What does this mean?
The Silicon Valley startup is now closer to becoming the most valuable of its Californian counterparts, overtaking Airbnb and Palantir.