The new funds will be used for growth in Europe, starting with the Dublin headquarters
of P.Sol.
The new funds will be used for growth in Europe, starting with the Dublin headquarters
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Stripe has concluded a new round of financing of $ 600 million, reaching a valuation of $ 95 billion, lower than the 115 billion in secondary market valuations.
The company providing the underlying infrastructure for online payments will use the new growth funds in Europe by investing in its Dublin headquarters to support the growing demand from large continental companies and to expand its global payments and treasury network ( Gptn).
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Investors in this new round, which had been talked about for some time, include two European companies – Germany’s Allianz through the Allianz X fund and France’s Axa – alongside funds such as Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and ‘Irish National Treasury Agency.
Europe already covers 31 of the 42 countries in which Stripe is present. In recent times, companies such as Axel Springer, Jaguar Land Rover, Maersk, Metro, Mountain Warehouse and Waitrose have chosen Stripe to increase and diversify their revenues or to accelerate their transformation process. Numerous more innovative European companies such as Deliveroo, Doctolib, Glofox, Klarna, N26, UiPath and Vinted also all rely on Stripe to compete on the global stage.
“We are investing even more in Europe this year, particularly in Ireland – said John Collison, president and co-founder of Stripe -. Whether they are companies in the fintech, Retail or SaaS sectors, the growth opportunities for the European digital economy are immense ».