Stripe Secures $150m in Latest Funding Round, Valuation Swells to $9b

One of the largest Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term groups in the United States has secured a substantial financial investment, with digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term venue Stripe raising $150 million in a Series D funding round, bringing its valuation to over $9 billion, according to a Wall Street Journal report.

Stripe is a provider of payment processing tools for websites and mobile apps backed by several companies and known investors including Sequoia Capital, Andreessen Horowitz, Peter Thiel and Elon Musk. Just last year, Stripe was valued at $5 billion, during its last funding round, which at the time justified its presence as one of the largest fintech firms in the US.

Rampant Growth

Since then, its valuation has nearly doubled, attracting $460 million in investments since its launch back in 2010. In addition to a growth in valuation, the group has also expanded its operations, including most recently to France, where it built a local team and now provides support for users in French from an office in Paris.

Moreover, Stripe’s latest capital raise has also culminated in the reception of a line of credit from a group of banks including JPMorgan Chase, Goldman Sachs, Morgan Stanley and Barclays. The new funds will be instrumental to Stripe’s new growth, namely in terms of an international expansion.

The group’s Chief Financial Officer Will Gaybrick also alluded to the prospect of future acquisitions.