Stripe Secures $6.5 Billion in New Funding Round with Lower Valuation
Stripe has raised $6.5 billion in a funding round, valuing the company at $50 billion, and plans to use the funds to provide liquidity to employees and fulfill tax obligations.
Stripe, a payment processing company, has successfully secured $6.5 billion in a financing round with existing and new investors, such as GIC, Goldman Sachs Asset and Wealth Management, and Temasek.
This funding round, which values the company at $50 billion, is significantly lower than its previous funding round in March 2021, which valued the company at $95 billion.
Stripe clarified that this capital is not required for its operations. Still, it will offer liquidity to current and former employees and fulfill tax obligations related to equity awards.
Stripe’s co-founder and president, John Collison, emphasized that the company’s employees have significantly built economic infrastructure for millions of businesses worldwide over the last 12 years.
Although the internet economy is still developing, the company remains optimistic about future opportunities.