Investors for the round include existing shareholders like Andreessen Horowitz, Thrive Capital, Baillie Gifford and General Catalyst, as well as new investors GIC, Goldman Sachs Asset and Wealth Management and Tamesek. Sheryl So, spokesperson for Stripe, declined to comment on whether Shopify, which held a US$350-million stake in the company as of 2021, was also investing in the round. Shopify did not respond to a request for comment. (The Logic)
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Investors for the round include existing shareholders like Andreessen Horowitz, Thrive Capital, Baillie Gifford and General Catalyst, as well as new investors GIC, Goldman Sachs Asset and Wealth Management and Tamesek. Sheryl So, spokesperson for Stripe, declined to comment on whether Shopify, which held a US$350-million stake in the company as of 2021, was also investing in the round. Shopify did not respond to a request for comment. (The Logic)
Talking point: The fintech giant’s valuation is now US$50 billion, a sharp decline from Stripe’s last round in early 2021 when the company was valued at US$95 billion. The funds will be used to give liquidity to current and former employees as well as pay tax liabilities. Last month in a pitch deck to investors, the company said its payments volume growth was 23 per cent this year through the end of January, higher than that of other big tech companies like Airbnb, Amazon and DoorDash.
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