Investors have reportedly valued payments FinTech Stripe at $115bn, Forbes has found.
In Brief:
Stripe is currently working on a new primary funding round.
The valuation by investors in “secondary market” deals is triple what Stripe was valued at in April 2020.
It’s also about a third of PayPal’s current market cap.
What does this mean?
Stripe processed around $200bn in transactions in 2019, and will have had a tumultuous year in 2020 as the world turned to digital payments. It’s currently working on lending products as well as Stripe Treasury for financial institutions.
