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Payment Startup Stripe Is Now a $20 Billion Company

The fast-growing startup has raised $245 million and signed on new customers.

Bloomberg business news
Larger Companies Are Turning to Stripe, CFO Says

The famed Silicon Valley venture capitalist Reid Hoffman  often says that his biggest investing whiff was passing on Stripe Inc. As each year ticks by, it’s becoming easier and easier to tell why missing out on the payments startup might sting so badly.

Stripe has just closed a $245 million funding round that ups its value from $9 billion to $20 billion, said co-founder and Chief Executive Officer Patrick Collison. Several large new customers have also been listed on Stripe's website this week, including Alphabet Inc.’s Google and Uber Technologies Inc.