Stripe Raised USD 6.5 Billion in a Series I Funding Round


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Stripe, a payments processor, announced on Wednesday that they raked in USD 6.5 billion in a Series I funding round led by current and new investors at a USD 50B valuation.

The existing primary investors include General Catalyst, MSD Partners, Andreessen Horowitz, Baillie Gifford, Founders Fund, and Thrive Capital.

The new investors that led this funding round were Goldman Sachs Asset and Wealth Management, GIC, and Temasek. According to the report by Reuters, Stripe will utilize the cash to cover a large tax bill and offer liquidity to employees.

Read More: Fintech startup Stripe integrating OpenAI’s new GPT-4 AI

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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