Online payments startup Stripe has attracted $600M in its latest investment round, resulting in the company's valuation rising to $95B, Bloomberg reports.
As a result, Stripe has become the most valuable privately held fintech company in Silicon Valley. The company's valuation exceeds that of Facebook and Uber before they went public.
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Investors in the company include Ireland's National Treasury Management Agency, Allianz, Fidelity, Baillie Gifford, AXA and Sequoia Capital. Stripe plans to use the funds to expand its activities in Europe.
In April 2020, investors valued Stripe almost three times lower at just $36B.
In addition to having a payments service, Stripe also offers services to pay salaries to employees and fight against fraud.