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Fintech startup Stripe in talks for new funding at much higher valuation

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said

Many fintechs are in talks with banks to deepen their partnerships; or merge to become part of the former’s digital platforms with talks being initiated by PEs

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Stripe, whose products let companies receive online payments and bill customers, raised $600 million in April in an extension of a Series G round

Reuters

1 min read Last Updated : Nov 25 2020 | 3:15 AM IST

US fintech startup Stripe Inc is in talks for a new funding round at a much higher valuation, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The company could have a valuation of more than $70 billion or significantly higher, at as much as $100 billion, after the funding, the report said, citing one of the sources.

Stripe, which is currently valued at $36 billion, declined to comment on the report.

Consumer-facing fintechs have seen a boost to their businesses during the Covid-19 pandemic, as people have been staying at home to avoid catching

Topics : Startups fundings