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Fintech startup Stripe in talks for new funding at much higher valuation - Bloomberg News

·1 min read

Nov 24 (Reuters) - U.S. fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said https://www.bloomberg.com/news/articles/2020-11-24/payments-startup-stripe-is-said-in-talks-to-raise-new-funding?sref=XPBxbFZt, citing one of the sources.

Stripe, which is currently valued at $36 billion, declined to comment on the report. (Reporting by Ayanti Bera in Bengaluru; Editing by Sriraj Kalluvila)