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Stripe rides the online payments boom to a $22.5 billion valuation

Stripe announced it raised an additional $100 million from Tiger Global Management this week, boosting its valuation to $22.5 billion.

Stripe has become one of the most sought after payment start-ups in Silicon Valley. It’s now one of the most valuable “unicorns” — private firms worth more than $1 billion — in the U.S., beating data analytics firm Palantir’s $20 billion water mark. It’s by far the most valuable private fintech company, with cryptocurrency exchange Coinbase trailing behind at an $8 billion valuation, according to CB Insights.

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payments