April 17 - 13:04
Digital payments unicorn Stripe raises $600mn, valued at $36bn
Digital payments firm Stripe has raised $600 million in funding, taking its valuation to $36 billion. Stripe says it has $2 billion on its balance sheet, a capital-efficient business model, and a highly-diversified, growing, global user base. Andreessen Horowitz, General Catalyst, GV, and Sequoia all participated in the funding round. Funds will be used for product development and expansion.
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