Stripe, one of the most successful Fintechs of all time, has morphed into an e-commerce enabler to a one stop shop for all types of neo-banking and digital transaction management. Beyond payments Srtip also provides services like tax, billing, issuing, along with Banking as a Service. Stripe reported that more than a hundred businesses now handle more than $1 billion on Stripe every year. Tempest Weather System WeatherFlow Tempest Weather System 329.00 Add to cart The meticulously designed Tempest Weather System leverages powerful machine learning and state-of-the-art modeling capabilities to provide the most precise, local forecast available - guaranteed. ![]() This is why we first invested in Stripe in 2014, and why we are proud to deepen our partnership.” Stripe will continue to be at the epicenter of every new technology current, and is the de facto choice for the businesses and builders that are creating the future. “… the growth of the internet economy and the trajectories of the world’s most innovative and forward-looking companies. Josh Kushner, founder and CEO of Thrive Capital, said that Stripe is “indexed to secular trends” which will compound for decades. Stripe co-founder and President John Collison said the round provides shareholders with an opportunity to access the value they have helped to create while adding that the digital economy is still young and future opportunities will “dwarf” those of the recent past. ![]() Stripe stated that it does not need the capital to run its business. The company said the new money will be used to provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards, resulting in the retirement of Stripe shares that will offset the issuance of new shares to Series I investors. Existing investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital participated alongside new investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek.
0 Comments
Leave a Reply. |