TL;DR
Stripe has acquired $245 million in funding at a $20 billion valuation. The company plans to use the funding to hire more people for its global engineering team and launch a Singapore hub.
Payment startup Stripe has acquired $245 million in funding and is now valued at $20 billion, according to a TechCrunch report.
New backers include Tiger Global Management, DST Global and Sequoia, and Stripe plans to use the funding to hire more people for its global engineering team and launch a Singapore hub, according to the article.
“We believe in the contingency of progress,” Stripe CEO and co-founder Patrick Collison said in a statement, according to the article. “Better global payments infrastructure will increase economic output, encourage entrepreneurship and help upstarts compete with incumbents. By bringing Stripe into more markets and building out our capabilities for companies of all sizes, we hope to accelerate innovation around the world.”
In this story
This story was originally published in 1851 Franchise on September 27, 2018. Burnaze summarizes and links to the original reporting.
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