---
title: "Stripe Acquires $245 Million in Funding"
url: https://burnaze.com/article/f94542f0-3e37-4363-a2cf-0db1d0b751c0
source: "1851 Franchise"
original_url: https://1851franchise.com/stripe-acquires-245-million-in-funding-2707998
category: "Technology"
topics: ["Technology","Finance & M&A"]
published: 2018-09-27T18:13:01.000Z
modified: 2026-11-01T02:36:02.811Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/326f902105427f1436813e6ebc2fed292411.jpg
---

# Stripe Acquires $245 Million in Funding

**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.

*originally published in 1851 Franchise on 2018-09-27. [Read the original](https://1851franchise.com/stripe-acquires-245-million-in-funding-2707998).*

## Story

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.”

## Entities

- 1851 Franchise (publication)
- General (sector)
- global expansion (topic)
- Singapore (location)
- Stripes (company)
- funding round (topic)
- valuation (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/stripe-acquires-245-million-in-funding-2707998). Summarized by Burnaze (https://burnaze.com/article/f94542f0-3e37-4363-a2cf-0db1d0b751c0).