Stripe Valued at $20 Billion After $245 Million Funding Round
Company will use new funds for expansion, including the addition of a hub in Singapore.
Web and mobile payments startup Stripe is in the news again this week, this time announcing a $245 million funding round, reports TechCrunch. This infusion of capital brings the company’s value to $20 billion. The latest funding round was led by Tiger Global Management. Thrive Capital, Sequoia Capital, Kleiner Perkins and DST Global also invested during this funding round. Past investors include Visa, American Express, Peter Thiel and Elon Musk. The company said it will use the new funding to expand internationally, including the addition of an engineering hub in Singapore. Stripe originally launched in Singapore in 2016, but it will now be adding a hub there. This will be its fourth after hubs in Seattle, Dublin and San Francisco.
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