When we invested in Stripe, we were proud to welcome the company in the Alven Family, the journey of a great team building a great product being a strong source of inspiration and motivation for the entrepreneurship ecosystem. Today, we are proud to announce that the company has pursued its strong growth with users now in 110 countries and is raising $150M at a $9.2B valuation in a Series D round led by existing investor General Catalyst and new investor CapitalG/Google.
As Stripe revenues come from commissions on transactions, the company’s vision is to be way more than a payment provider and to help entrepreneurs run their business and improve their performance in the form of higher sales and increased number of transactions. Thus, Stripe offers a complete suite of services such as fraud prevention tools, easy third-party apps integrations and various ways of speeding up payments for merchants.
Keeping up with its vision, the company will use this new round of funding to further improve its product, increase its touch-points with customers and position itself as a financial services platform.