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Stripe Raises $600 Million, Becomes US Most Valuable Startup

15Mar By AdityaNo Comments

FUNDING

Stripe Raises $600 Million, Becomes US Most Valuable Startup

San Francisco, 03/15/2021: Digital payment company Stripe raises $600 million in funding at a valuation of $95 billion, The payment startup becomes US most valuable company surpasses Elon Musk's SpaceX. At the top TikTok owned ByteDance is the most valued digital company at around $180 billion in the world. Founded in 2010 by Patrick and John Collison, Stripe allows companies to accept online or in person card payments. Stripe has more than 50 companies each processing over $1 billion annually. Its list of customers includes Google, Uber and Amazon, and more recently shipping giant Maersk and Jaguar Land Rover. San Francisco and Dublin-headquartered company said it would use the capital to invest in its European operations and expand its global network. At $95 billion, Stripe ...

4Dec By PriyankaNo Comments

FUNDING

Step Raises $50 Million in Series B Funding from Stripe, Justin Timberlake & others

SAN FRANCISCO, 4th December 2020-- Step, a financial services company built for teens and families raises a $50 million Series B round of funding. The round was led by Coatue, with participation from returning investors Stripe, Crosslink Capital, Collaborative Fund, and Will Smith’s Dreamers VC. Step also added several new investors including Charli D’Amelio, Justin Timberlake, The Chainsmokers, Eli Manning, Kelvin Beachum, Larry Fitzgerald, and Andre Iguodala alongside prominent fintech executives from the likes of Facebook, Square, Venmo, Visa, and others. To date, Step has raised more than $75 million from investors. “Since Step’s launch, we’ve seen massive demand for this new type of all-in-one banking solution, making it much easier for teens to learn about money manag...

Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

15Oct By Ankita SinghNo Comments

ACQUISITION

Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

Nigeria, 15th Oct 2020: US-based online paymnet firm Stripe acquire Nigeria based payments firm Paystack for more than $200 million to enter into africa region. Earlier in 2018, Stripe invested $8 million in a Series A funding round for Paystack. With this acquisition Stripe will control more than half of online payments in Nigeria. Also, Paystack has already started a pilot with businesses in South Africa. Like Stripe, Paystack is a technology company powering growth for businesses in Africa through the API process in the payment system.More than 60,000 businesses in Nigeria and Ghana use Paystack to collect online and offline payments. The team has developed APIs enabling developers to create online custom checkout experiences, build automated recurring billing systems, instant...

29Sep By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (24th Sept – 29th Sept)

This week witnessed various funding rounds from a lot of well-known companies and also from well-known backers. Companies like Oyo, Shohoz etc raised funds for different purposes and secured valuable amount of funds. The largest amount of funds were raised by Indian ride-hailing firm Oyo after which the company's valuation has reached around $5 billion and thus, the company crossed a milestone. Here we have the summary of the top five funding activities of the week. 1. SHOHOZ Bangladesh-based ride-hailing and ticketing platform Shohoz has reportedly secured funds amounting to $15 million in pre-series B financing round. This funding round was led by Singapore’s Golden Gate Ventures. The other backers that participated in this round included Linear...

San Francisco-Based Stripe Secures $245 million to Fuel Growth

28Sep By Gauri SinghNo Comments

FUNDING

San Francisco-Based Stripe Secures $245 million to Fuel Growth

US fintech startup Stripe has reportedly raised funds amounting to $245 million in a financing round. The funding round has valued the company at $20.25 billion, a dramatic surge from its most recent $9.2 billion valuation in 2016. The funding round was led by billionaire investor Chase Coleman's hedge fund Tiger Global Management, and also saw participation from DST Global and Sequoia. The funds raised through this round are being planned to be used to fuel growth in key overseas markets such as Southeast Asia and India, where it plans to tap into the growth of the e-commerce industry to expand its payments products. The company also claimed that more than 500 million people in Southeast Asia and India are expected to become online customers in the next three years. Along with th...