REUTERS: U.S. fintech startup Stripe Inc said on Thursday it raised US$600 million, as companies that provide the online infrastructure for ...
REUTERS: U.S. fintech startup Stripe Inc said on Thursday it raised US$600 million, as companies that provide the online infrastructure for financial and payment services get a boost from the coronavirus pandemic.
Stripe, whose products let companies receive online payments and bill customers, raised US$250 million in a Series G round in September. The latest is an extension of that round and the company is now valued at US$36 billion, it said. Fast founder Domm Holland said he started the company after he saw his wife’s grandmother struggling to order groceries online as she forgot her password.
Earlier this month, SoFi, an online personal finance company, said it signed an agreement to buy Galileo Financial Technologies, a financial service and payments platform company for US$1.2 billion.“For the people that have a strong balance sheet and many years of runway, this is a huge opportunity,” said Mark Goldberg, partner at Index Ventures, which invested in Fast. He has told the company to “go hire amazing people.
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