Digital payment company Stripe said on Sunday it had closed a $ 600 million round of financing that valued the company at $ 95 billion – more than double its valuation a year ago.
Stripe said it would use the money to sharpen its European operations – particularly its co-headquarters in Dublin – and “support the rising demand for heavyweights across Europe and expand its coffers and treasury network”.
Thirty-one of the 42 countries where Stripe operates are in Europe.
“We are investing a lot more in Europe this year, especially in Ireland,” co-founder and president John Collison of Stripe said in a statement. “Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is enormous.”
Last month, Barron’s reported Stripe was seeking additional funding, with a valuation target of about $ 100 billion.
Last April, Stripe received approximately $ 600 million in financing at a valuation of $ 36 billion.
The company, which has a double headquarters in San Francisco, raised a total of about $ 1.6 billion in 14 rounds of financing, according to Crunchbase, before Sunday’s announcement.
According to Stripe, the Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and the National Treasury Management Agency are the key investors for the latest round of funding.
Stripe is one of the largest so-called unicorn companies and is a permanent candidate for a massive initial public offering.