This latest funding — its largest to date by a large margin — is coming from a number of its existing investors, including Andreessen Horowitz, General Catalyst, GV and Seqouia.
“People who never dreamt of using the internet to see the doctor or buy groceries are now doing so out of necessity. And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight,” said John Collison, president and co-founder of Stripe, in a statement (his brother Patrick, the co-founder and CEO, is pictured above). “We believe now is not the time to pull back, but to invest even more heavily in Stripe’s platform.”