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    Home»Deals & Transactions»Stripe’s value hits $95 billion after payment giant’s latest fundraising
    Deals & Transactions

    Stripe’s value hits $95 billion after payment giant’s latest fundraising

    March 16, 20211 Min Read
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    Digital payments giant Stripe’s value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk’s SpaceX as the most valuable U.S. startup.

    Participants in the San Francisco- and Dublin-headquartered company’s latest financing, which raised $600 million, include units of Allianz SE, AXA SA, Baillie Gifford, Fidelity Management & Research Co, Sequoia Capital and Ireland’s sovereign wealth fund.

    At $95 billion, Stripe is now more valuable than any bank in the euro zone.

    As part of the $50 million invested by the Ireland Strategic Investment Fund, the country’s sovereign wealth fund, Stripe will add over 1,000 more jobs in the Collison brothers’ native country over the next five years.

    Read more at Reuters

    By Padraic Halpin

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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