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2021-03-16

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Stripe now most valuable US startup

Stripe Inc. is the most valuable U.S. startup after securing a $600 million round of funding.The San

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Nearly 75% of the 42 countries that use Stripe are located in Europe, including many of the continent’s fastest-growing companies.</p><p>Primary investors in the funding round include Ireland’s National Treasury Management Agency, insurers Allianz and AXA SA, investment managers Baillie Gifford and Fidelity Investments, venture capital firm Sequoia Capital.</p><p>Stripe now trails only China’s Bytedance ($140 billion) as the world’s most valuable startup, according toCB Insights. It is ahead of Elon Musk’s SpaceX ($74 billion) and Instacart Inc. ($39 billion) as the largest U.S. startup.</p><p>Stripe has experienced tremendous growth over the past year as many of its customers benefitted from the online shopping boom that occurred as a result of the COVID-19 pandemic. Customers include Amazon Inc., Wayfair Inc. and Shopify Inc.</p><p>Stripe will soon be available in Brazil, India, Indonesia, Thailand and the United Arab Emirates. 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Nearly 75% of the 42 countries that use Stripe are located in Europe, including many of the continent’s fastest-growing companies.Primary investors in the funding round include Ireland’s National Treasury Management Agency, insurers Allianz and AXA SA, investment managers Baillie Gifford and Fidelity Investments, venture capital firm Sequoia Capital.Stripe now trails only China’s Bytedance ($140 billion) as the world’s most valuable startup, according toCB Insights. It is ahead of Elon Musk’s SpaceX ($74 billion) and Instacart Inc. ($39 billion) as the largest U.S. startup.Stripe has experienced tremendous growth over the past year as many of its customers benefitted from the online shopping boom that occurred as a result of the COVID-19 pandemic. Customers include Amazon Inc., Wayfair Inc. and Shopify Inc.Stripe will soon be available in Brazil, India, Indonesia, Thailand and the United Arab Emirates. 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