Stripe raises $50B
but their market valuation halved, according to multiple sources this evening, Investing.com reporting here. About a one minute read.
Comment: Ok, I use Stripe as a payment channel for my freelance writing, excellent services overall. But they should have IPOed perhaps 2Y ago when market conditions were amenable. Stripe claims they don’t need these funds to continue their business, rather it seems the bulk is going to staff in the form or payment for stock options, and associated bills. There are recurrent rumours they’d like to IPO over the next 12M, but we’ll see. The problem is there are presently multiple PayTech firms offering services like Stripe, so their USP is suspect.