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.
Stripe’s valuation surged to $65 billion in a deal that will allow employees to cash out their stock. Stripe said the majority of the funds for the deal are being provided by investors, but it will also use some of its own capital to repurchase shares of some current and former employees in the so-called “tender offer.” The company did not disclose the names of the investors participating in the round. Stripe was valued at $50 billion in its last funding round in 2023 where it raised $6.5 billion.
Stripe, San Francisco, United States, was founded by Irish entrepreneur brothers John and Patrick Collison in 2009. 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.
