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Investors are valuing Stripe at a $115b valuation in “secondary market” transactions, which is up more than threefold from the $36b Stripe fetched when it raised money in April 2020 from venture firms including Andreessen Horowitz, General Catalyst and Sequoia. Stripe is also planning a new primary funding round at a valuation north of $100b, according to a person familiar with the matter.
Over the past 12 months, fintech valuations have ballooned, with companies like Robinhood, renters and homeowners’ insurer Lemonade, buy-now-pay-later company Affirm and online bill payment platform Bill.com seeing their values rise threefold or more. More than a half dozen have gone public or are in the late stages of doing so. Stripe is among the many fintech companies rumored to be going public sometime in 2021.
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