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Stripe is already well-capitalized, but a new round of financing could help it continue to scale as a private company. In April, the San Francisco-based company raised $600m from investors including Andreessen Horowitz and Sequoia Capital at a valuation of $36b.
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The company has benefited during the pandemic with more shoppers turning to e-commerce. It’s gone on offense during the downturn this year, starting a card-issuing service for U.S. clients and agreeing to acquire a Nigerian startup to expand in Africa.
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