San Francisco-based online payments processing giant, Stripe, has raised $600M (approx €503M) in a fresh round of funding at a valuation of $95B (approx €79.65B). Stripe claims to build economic infrastructure for the internet. Its SaaS platform offers businesses of every size – from new startups to public companies – to accept payments and manage their businesses online. This round, reportedly, makes Stripe the most valued startup in the US.
Investors in this round
The round saw participation from investors including Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA).