Stripe Secures $6.5 Billion Investment at $50 Billion Valuation
On April 7th, 2021, the digital payments company Stripe announced that it had secured a $6.5 billion investment, giving it a $50 billion valuation. This makes Stripe the most valuable private fintech company in the world. The investment was led by existing investors, including Andreessen Horowitz, General Catalyst, and Sequoia Capital. New investors included Fidelity Management & Research Company, Baillie Gifford, and Allianz X. The new funds will be used to expand Stripe’s global operations and invest in new products and services. Stripe is a digital payments company that provides