Stripe in Talks for Funding at $55 to $60 Billion Valuation

Stripe is a financial service that offers payment processing software and application programming interfaces (APIs) for internet businesses of all sizes. The company provides a payments platform that simplifies payment infrastructure complexity and also provides a suite of ancillary enablements and financial services products.

Last week, Stripe was said to be weighing either a funding round or a direct listing. Stripe intends to receive about $2 billion, which will bring the company to a valuation ranging from $55 to $60 billion. The new funding round will possibly be led by a venture capital firm Thrive Capital. The fresh investment is likely to be used to pay the start-up’s tax liabilities and allow its employees to sell their company shares.

Stripe, San Francisco, United States, was founded by Irish entrepreneur brothers John and Patrick Collison in 2009. In 2012 the company introduced Stripe Connect, a multiparty payments solution that lets software developers embed payments natively into their products. Currently, millions of companies of all sizes use Stripe’s software and APIs to accept payments, send payouts, issue virtual and physical cards, and manage their businesses online.

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