TechFlow news — According to technology news site The Information, payment giant Stripe is raising $3 billion at a valuation of $55–60 billion. New York-based investment firm Thrive Capital is expected to lead the latest funding round. The Information reported that the anticipated $3 billion financing will provide the payment company with some breathing room and alleviate pressure for an IPO, as Stripe weighs options between going public via a traditional IPO or direct listing.
Additionally, The New York Times reported that the venture capital firm is expected to invest approximately $1 billion into Stripe. The report noted that Stripe’s current valuation of $55–60 billion represents a significant decline from its previous valuation of $95 billion.Original link
