Getty ImagesWith additional reporting by Alex KonradInvestors are valuing Stripe at a $115 billion valuation in “secondary market” transactions, where shares of a private company’s stock are sold after they were first issued. That valuation is up more than threefold from the $36 billion Stripe fetched when it raised money in April 2020 from venture firms including Andreessen Horowitz, General Catalyst and Sequoia. It helps businesses small and large—including Peloton and Canadian e-commerce platform Shopify—accept online payments, taking a fee on every transaction. Ellis estimates that Stripe processed $200 billion to $250 billion in transactions in 2019 and grew roughly 50% in 2020. What does she think of a $115 billion valuation for Stripe?

Source: Forbes February 17, 2021 16:06 UTC