Digital payments company Stripe said Sunday it had closed a $ 600 million round of financing valuing the company at $ 95 billion, more than double its valuation a year ago.
Stripe said it will use the money to bolster its European operations – especially its headquarters in Dublin – and “support the growing demand for heavyweights from companies across Europe and expand its global payments and treasury network.” .
Thirty-one of the 42 countries where Stripe operates are in Europe.
“This year we are investing a lot more in Europe, especially in Ireland,” Stripe co-founder and chairman John Collison said in a statement. “Whether in fintech technology, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense.”
Last month, Stripe reported that Barron was seeking additional funding, with a valuation goal of about $ 100 billion.
Last April, Stripe received approximately $ 600 million in funding at a valuation of $ 36 billion.
The San Francisco-based company had raised a total of about $ 1.6 billion in 14 rounds of funding ahead of Sunday’s announcement, according to Crunchbase.
Stripe said the main investors in the last round of funding include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and the National Treasury Management Agency of Ireland.
Stripe is one of the largest so-called unicorn companies and is a perennial candidate for a massive initial public offering.