The digital payment software producer more than doubled its valuation in a round that included new corporate investors Axa and Allianz X.
US-based digital payment technology producer Stripe received $600m yesterday from investors including insurers Axa and Allianz – the latter through its Allianz X vehicle – at a $95bn valuation.
Investment and financial services group Fidelity Management & Research also participated in the round, as did investment management firm Baillie Gifford, venture capital firm Sequoia Capital and Ireland’s National Treasury Management Agency.
Stripe provides digital payment processing and business management software. The funding will support European growth, as well as the expansion of its software, services and Global Payments and Treasury Network, which helps customers grow internationally.
John Collison, Stripe’s co-founder and president, said: “We are investing a ton more in Europe this year, particularly in Ireland. Whether in fintech, mobility, retail or [software-as-a-service], the growth opportunity for the European digital economy is immense.”
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