Stripe Valuation Reaches $95 Billion after Recent Fundraising

Stripe, the American-Irish financial services, and software company has recently become the most valuable startup in the U.S. The company’s valuation soared to $95 billion after it raised $600 million in the latest fundraiser. 

Stripe’s valuation has nearly tripled over the past year – a feat achieved by international giants such as Facebook and Uber before they went public. 

Stripe eyes European expansion

Stripe revealed that the funding will be utilized to expand its business across Europe. The focus will be on Stripe’s European headquarters in Dublin to improve and support its global treasury and payments network. 

The latest funding will accelerate Stripe’s growth in Europe. The company announced that it will hire around 1000 people in its headquarters over the next five years. 

Some of the key investors include Axa SA, Baillie Gifford, Sequoia Capital, Fidelity Management & Research Co., and Ireland’s National Treasury Management Agency. 

The growing valuation along with the growing cap table has raised questions about Stripe’s plans in the next few years, particularly if it will include a public listing. Staying distant from the public markets has enabled Stripe to go on about with business without revealing financial details.

Boom in e-commerce and digital payments

In 2020, consumers spent nearly $861.12 billion online with U.S. merchants online, a 44% growth compared to 2019. [1] There was a notable spike in online shopping due to the COVID-19 pandemic which led to an influx of $174.87 billion in e-commerce revenue. 

Stripe’s swelling valuation indicates that digital payments and e-commerce activities have surged at an impressive rate over the past couple of years. Apart from Stripe, competitors such as Square, Adyen, and have also reported a rise in their valuation as a result of the growing adoption of digital payments. 

Since the start of 2020, nearly 200,000 companies have signed up to Stripe in Europe alone. According to John Collision, Stripe’s systems controlled approximately 5,000 requests per second in 2020 which include customer data checks, refunds, and payments to name a few. 

More about Stripe

Stripe is a financial technology company that develops an online economic infrastructure. Stripe was founded in 2010 by siblings John and Patrick Collinson. More than a million companies in more than 120 countries utilize Stripe’s services to scale their businesses. 

Image Source:  Background photo created by pvproductions –


[1] Ali.F (2021) “US e-commerce grows 44.0% in 2020” Digital Commerce 360 [online] available from:,the%2015.1%25%20jump%20in%202019. [accessed Mar 2021]


Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency. At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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