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New system for accepting and processing payments - Stripe

27 November 2020
1 min.
New system for accepting and processing payments - Stripe

Paying startup Stripe is in talks to raise more than $ 70 billion in funding. The latest estimate was 36 billion, but at the moment may exceed 100 billion, making Stripe the most expensive and attractive venture start-up in the US. This deal is still at the stage of negotiations and it is not at all certain that it will take place. Stripe company refrains from commenting on this topic.

The software used by the company for accepting payments competes on a par with such gagints as Squire and PayPal. And the company's clients are Amazon.com Inc., Salesforce.com Inc., Lyft Inc.

During the current period of the COVID-19 virus epidemic, Stripe has benefited the most, as more and more people choose electronic and distance shopping. In the wake of the recession this year, Stripe created a card-issuing service for Americans and bought a new startup in Nigeria to expand to the African continent.

Brothers from Ireland John and Patrick Collison created Staripe in 2010. Currently, the company employs more than 2500 people and has 14 offices around the world. Chief Financial Officer Dniva Suryadevara is a former employee of General Motors Co.

At the moment, Stripe has an impressive capital, but attracting new funding will further increase the growth rate. According to analytical data, since the company was founded, the business has accumulated about $ 2 billion in investments.

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