Stripe in advanced talks to raise $4 billion from investors – sources | – #Stripe #advanced #talks #raise #billion #investors #sources
Feb 24 (Reuters) – Digital payments processor Stripe Inc, about 55 billion dollars worth 4 billion dollars is close to raising fresh capital, people familiar with the matter said.
Recent capital raising from investors including Thrive Capital, 95 in early 2021 billion dollars marking a sharp drop in the valuation of a fintech startup valued at 1.5% in what could be the largest private funding round in recent memory.
Funding is expected to be completed by the end of March, the sources said, warning that the target number could still be reached.
Stripe is also unlikely to launch an initial public offering (IPO) this year, as its latest fundraising looms tax law project, and for chief financial officer Dhivya Suryadevara, who announced his departure earlier this month substitute they must find. The discussions are confidential, said the sources, who requested anonymity.
The company has turned to investment banks Goldman Sachs Group ( GS.N ) and JPMorgan Chase ( JPM.N ) to help with the latest fundraising and eventually lead preparations for the IPO.
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Stripe, which aims to turn a profit before listing shares on exchanges, has a large deal tied to expiring employee restricted stock units (RSUs), the sources said. tax law increases capital because it has to cover the project.
Goldman Sachs also offered wealth management clients opportunities to invest in Stripe, one of the sources said offer establishes special purpose investment vehicles to do. Bloomberg first reported Goldman’s offer on Thursday.
Stripe and Goldman Sachs declined to comment.
2010Founded by Irish brothers Patrick and John Collison in , Stripe builds payment software solutions that enable merchants to accept digital payments in multiple currencies.
The above sources have projected total revenue of approximately $14.4 billion in 2022, compared to approximately $11.7 billion in 2021.
Reporting by Krystal Hu in New York, addition by Chibuike Oguh reportedited by Anirban Sen and Philippa Fletcher
Our standards: Thomson Reuters Trust Principles.
2023-02-26 14:57:01
Source – reuters
Translation“24 HOURS”