Stripe Reaches Dizzying Heights Of $35 Billion Valuation

Online payment processing company Stripe announced exciting new funding worth $250 million.

Michael O’Mahony
Sep 24 · 2 min read

The latest financial news and analysis from MyWallSt. Keep up to date with what’s happening on the stock market right now.

Stripe Reaches Dizzying Heights Of $35 Billion Valuation
Stripe Reaches Dizzying Heights Of $35 Billion Valuation
Photo by rupixen on Unsplash

Receiving further funding of $250 million last Thursday, Irish born, Silicon Valley raised Stripe has designated its most recent windfall towards international expansion, growing its product stack and extending its services for enterprise clients.

New products like Stripe Capital, which is a lending facility for online businesses, as well as a new Stripe Corporate Card head up the additions to the products. Its aim of having a presence in 40 countries worldwide is well underway, having launched in eight new states across Eastern Europe earlier this month. The last piece to this strategic triptych involves expanding Stripe’s ability to provide service to their enterprise clients, from internet startups to international conglomerates such as Uber (NYSE: UBER), Amazon (NASDAQ: AMZN) and newly announced customer AirBnB, amongst others.

Patrick and John Collison have no lack of ambition for their not-so-little payment processing company that could, with co-founder and president John stating “We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond. If we get it right, we can help the internet fulfil its potential as an engine for global economic progress.”

Initial Public Offering

Any rumblings of a planned IPO have been quelled by Collison, who assures Wall Street speculators that the payment processing firm is still in the early stages of its development and is “very happy as a private company.” With the recent poor performance of highly anticipated IPOs such as Uber and Slack, as well as the ongoing circus surrounding WeWork, Stripe’s decision looks wise. One thing is for sure, investors will be watching this Decacorn very closely for when it finally decides to go public.

We here at MyWallSt are proud of our young, multi-billionaire Irish entrepreneurs, and not one bit jealous. Not even a little bit. We’re also very sorry for using the term Decacorn.

MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in Amazon and Uber.

Want to experience the best investing app around? Download the MyWallSt app for Android or iOS now!

Michael O’Mahony

Written by

Michael is our SEO specialist here at MyWallSt. He’s got his finger on the pulse.

The MyWallSt Blog

Investing is for everyone, we show you how. MyWallSt is a multi-award winning company that helps you to become a confident and successful investor.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade