Stripe Raises $6.5B in Funding, Achieves $50B Valuation
Stripe, the online payments platform, has recently raised $6.5 billion in funding, giving the company a valuation of $50 billion. This makes Stripe one of the most valuable private companies in the world.The funding round was led by existing investors such as Andreessen Horowitz, General Catalyst, and Sequoia Capital. New investors included Fidelity Management & Research Company, Baillie Gifford, and Allianz X. This brings the total amount of money raised by Stripe to $1.2 billion.Stripe was founded in 2010 by brothers Patrick and John Collison and has since become a