30 August 2016
Find out more

Stripe raises $80m at $1.75bn valuation

23 January 2014  |  5198 views  |  0 cash

Stripe has raised $80 million in a series c funding round which values the San Francisco-based payments start-up at $1.75 billion.

The latest financing comes from Sequoia Capital, Founders Fund, Khosla Ventures, and Allen & Co, and brings total funding to around $130 million for the firm, which only launched publicly in late 2011.

Founded by 20-something brothers Patrick and John Collison, Stripe provides merchants with an API that they can embed into their Web sites to easily accept credit card payments.

The company already processes billions of dollars a year - taking a 2.9% cut of transactions and 30 cents - for thousands of firms, including Rackspace, Shopify and DailMotion. In the last year it has begun expanding beyond the US, launching in the UK, Ireland and Canada, and running betas in several other European countries.

Last week speculation surfaced that the firm is close to securing a potentially massive deal with Twitter, helping the micro-blogging giant move into the commerce arena.

Stripe's rapid growth has seen it emerge as the principal rival to e-commerce payments giant PayPal. The eBay unit is understood to have considered acquiring its upstart rival before eventually buying the similar Braintree for $800 million.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

EBay rebuffs calls to spin-off PayPal

EBay rebuffs calls to spin-off PayPal

23 January 2014  |  3247 views  |  0 comments | 3 tweets | 3 linkedin
Twitter said to near Stripe deal for e-commerce push

Twitter said to near Stripe deal for e-commerce push

17 January 2014  |  4736 views  |  0 comments | 18 tweets | 7 linkedin
Uber hails PayPal for in-app taxi payments

Uber hails PayPal for in-app taxi payments

19 November 2013  |  5543 views  |  0 comments | 6 tweets | 4 linkedin
EBay agrees $800m Braintree acquisition

EBay agrees $800m Braintree acquisition

26 September 2013  |  11233 views  |  1 comments | 15 tweets | 11 linkedin
Stripe launches in the UK

Stripe launches in the UK

15 August 2013  |  7887 views  |  1 comments | 10 tweets | 2 linkedin
Stripe begins UK beta trial

Stripe begins UK beta trial

01 March 2013  |  11735 views  |  1 comments | 10 tweets | 4 linkedin
Braintree closes $35m funding round

Braintree closes $35m funding round

17 October 2012  |  4765 views  |  1 comments | 1 tweets | 2 linkedin
Payment startups Stripe and Paydiant secure funding

Payment startups Stripe and Paydiant secure funding

10 July 2012  |  6788 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit equens.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9113 views comments | 23 tweets | 26 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6631 views comments | 14 tweets | 14 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6501 views comments | 11 tweets | 10 linkedin
Mondo becomes MonzoMondo becomes Monzo
6306 views comments | 14 tweets | 9 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
5937 views 0 | 5 tweets | 11 linkedin

Featured job

Find your next job