Stripe is worth $ 35 billion after a round of financing. Ireland-born founders John and Patrick Collison are the richest Irish self-made billionaires.
At the end of 2016, John, the younger of the Collison brothers, was the youngest self-made billionaire to date. At the age of 26, the Stripe co-founder, like his brother Patrick, had $ 1.1 billion on the high ridge. Nearly three years and several rounds of financing later, the fortune of the two has almost quadrupled. According to the Bloomberg news agency, the Irish-born brothers, each with $ 4.2 billion, are Ireland's richest self-made billionaires.
Stripe is worth $ 35 billion
Following the recent round of financing reported by the Wall Street Journal on Thursday, the San Francisco-based payment startup is valued at $ 35 billion. This makes Stripe the third most valuable startup in the US, after Juul Labs and Wework, and worth more than Airbnb. Investors in the $ 250 million round of financing include General Catalyst, Sequoia and Andreessen Horowitz. So far, Stripe's valuation was around $ 23 billion.
The money Stripe claims to be in the international expansion, expanding the product range and the Group stuck. In the coming months Stripe wants to tackle several new markets and expand the number of countries in which it is active to 40, as the startup announced. In addition, the company's own infrastructure is to be geared to the future requirements of online commerce.
Stripe: Initial public offering is not an issue
Stripe does not want to go public in the near future, according to John Collison. "We are very happy as an independent company," Bloomberg quoted the co-founder. The investors of the startup are set up for a long-term development.
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