Stripe valuation jumps to $159 billion in latest employee share sale – The Economic Times

The Economic Times


Stripe was valued at $159 billion in a ​tender offer for employees ​and shareholders, the fintech firm said on Tuesday, ​a more than 70% jump from a similar share sale a year earlier.

Investors poured $274 billion into startups – the second-highest total on record – last year, ‌as U.S. ⁠venture funding ⁠rebounded strongly, according to Crunchbase data.

Most of the funding will come ​from existing investors, including Thrive Capital, Coatue and Andreessen Horowitz, while the company ​will also use some of its cash to buy back shares, Stripe said.

“Stripe remained robustly profitable, allowing us to continue investing ​heavily in product development as well ⁠as acquisitions,” co-founders ‌John Collison and Patrick Collison said in ​their annual ​letter.

The company, with headquarters in San Francisco ⁠and Dublin, allows companies to accept payments, make payouts ​and automate financial processes.

Beyond payments, Stripe’s revenue suite ​is set to hit an annual run rate of $1 billion this year, the company said.