Online payment service Stripe, founded by the Collinson brothers, has raised USD 600M in the latest funding round. Investors now value the company at USD 95B.

This value is higher than those of Facebook and Uber befor they became public companies. It is also a record for a private company from Silicon Valley, Forbes Russia reports with reference to Financial Times (FT).

Stripe is now the third-highest rated private companies in the world after Chinese firm ByteDance (TikTok owner, USD 180B) and Jack Ma’s Ant Group (USD 108B).

The latest funding round of Stripe involved the National Treasury Management Agency of Ireland, as well as Allianz, Fidelity, Baillie Gifford, AXA and Sequoia Capital.



Stripe plans to use the raised funds to expand in Europe, also through growing the Dublin staff up to 1,000 people in the next five years and launching the service in Brazil, India and Indonesia before the year-end.

Stripe was founded by Irishmen, brothers Patrick and John Collinson in San Francisco in 2010. The company’s early investors were PayPal founders Elon Musk and Peter Thiel, as well as Y Combinator, an influential startup accelerator from Silicon Valley.

The service helps companies receive online payments, taking commission fee for each transaction. Zoom, Canadian company Shopify and Amazon are among Stripe’s clients.

According to John Collinson, Stripe processed nearly 5,000 requests per second in 2020: payments, refunds, client data checks, etc. By his estimate, the sum of payments his company processes now is larger than “the whole e-commerce market of the time we started working on Stripe.”

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