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Stripe Values at $95 Billion. But, No IPO Plans

Online payment technology provider Stripe has announced that the company has raised $600 million in a new round of funding that values the company at $95 billion. The current valuation is triple its last reported valuation of $36 billion from April 2020. In this video, John Collison explains that the company witnessed significant growth during the pandemic as its revenue is primarily tied to online shopping. Earlier, Stripe had highlighted that the COVID-19 outbreak was pushing the economy online. Despite massive competition in payments and adjacent services, there is a huge opportunity for growth. Watch this video to learn more about e-commerce and the rising opportunity for digital payment companies.

The post Stripe Values at $95 Billion. But, No IPO Plans appeared first on AITS CAI’s Accelerating IT Success.

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