Online payment provider Stripe confirmed this week it has received an additional $600 million in funding, putting its valuation at $95 billion. The 10-year old company, founded by Irish brothers James and Patrick Collison, has raised more than $2 billion since its launch. The company enables merchants to accept online payments by embedding a little code on their checkout page.
According to a press release, the San Francisco-based company will use the cash infusion to expand operations in Europe, paying special attention to its Dublin office.
“Stripe is an accelerator of global economic growth and a leader in sustainable finance. We are convinced that, despite making great progress over the last 10 years, most of Stripe’s success is yet to come” said Conor O’Kelly, CEO of Ireland’s National Treasury Management Agency (NTMA), one of the investors participating in the round. “We’re delighted to back Ireland’s and Europe’s most prominent success story, and, in doing so, to help millions of other ambitious companies become more competitive in the global economy.”
In addition to NTMA, Allianz X, Axa, Baillie Gifford, Fidelity Management and Research Company and Sequoia Capital contributed to the enormous fundraising round.