Digital payments company Stripe said on Sunday that it closed a $ 600 million financing round that values the company at $ 95 billion – more than double its valuation a year ago.
Stripe said he would use the money to strengthen his European operations – especially his co-headquarters in Dublin – and “support the growing demand for heavyweight companies across Europe and expand their Global Payments 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,” said Stripe co-founder and president, John Collison, in a statement. “Whether in fintech, mobility, retail or SaaS, the opportunity for growth for the European digital economy is immense.”
Last month, Barron’s reported that Stripe was seeking additional funding, with an appraisal target of about $ 100 billion.
Last April, Stripe received about $ 600 million in financing in a valuation of $ 36 billion.
The company, which has a dual headquarters in San Francisco, raised a total of about $ 1.6 billion in 14 rounds of financing ahead of Sunday’s announcement, according to Crunchbase.
Stripe said key investors for the latest round of financing include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency.
Stripe is one of the biggest companies called a unicorn and is a permanent candidate for a massive initial public offering.