Stripe Raises $250 Million In Funding At $35 Billion Pre-Money Valuation

By Amit Chowdhry ● Sep 19, 2019
  • Online payment company Stripe announced that it raised $250 million in additional funding at a new pre-money valuation of $35 billion

Online payment giant Stripe has just announced that it raised $250 million in additional funding at a new pre-money valuation of $35 billion from several investors including General Catalyst, Sequoia, Andreessen Horowitz, and a number others. With this round of funding, the company is planning to accelerate its growth in international expansion, growing its product suite, and extending its enterprise capabilities.

Stripe is seeing 5 out of 6 new Internet users coming online from areas outside of North America and Western Europe. And the company is investing heavily in expanding to new markets. Plus Stripe recently launched in 8 additional countries and will be expanding to more in the coming months. This brings the total covered to 40 countries covering 70% of the global economy and there are many more launches planned for 2020.

And Stripe is now processing hundreds of billions of dollars a year for millions of businesses around the world including Wayfair, Twilio, GitHub, and The RealReal.

“Even now, in 2019, less than eight percent of commerce happens online,” said Stripe co-founder and president John Collison. “We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond. If we get it right, we can help the internet fulfill its potential as an engine for global economic progress.”

John Collison founded Stripe with his brother Patrick Collison. Patrick Collison serves as the Content Strategist and CEO of the company.

Stripe also recently built a programmable infrastructure for global money movement called the Global Payments and Treasury Network (GPTN). And it is building a roster of products and services on top of that foundation including Connect, Billing, Terminal, and Radar.

Some of Stripe’s biggest announcements this year includes Stripe Capital for providing businesses easier access to funds and the Stripe Corporate Card for managing corporate spending. Plus it is offering instant payouts to all US Stripe accounts.

Going forward, Stripe will continue to invest heavily in the GPTN as well as its suite of additional software and services to help our users around the world grow their own companies faster.