Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the company said Wednesday, a sharp discount from its record valuation of $95 billion in 2021.
“Stripe does not need this capital to run its business,” the company said in a press release. The cash raise — with contributions from Andreessen Horowitz, Founders Fund, Goldman Sachs, and Temasek — will instead go towards providing liquidity to “current and former employees” and tax obligations associated with equity awards.
Stripe, which ranked eighth on CNBC’s Disruptor 50 list last year, has now slashed its valuation by almost half from its peak two years ago. The company builds payment processing software for e-commerce businesses like Amazon, Google, and Shopify.
Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees.
The financing round values the company at $50 billion, down by almost half from its peak of $95 billion two years ago.
The company will acquire current and former employees’ shares with proceeds from the non-dilutive raise.
コメント