Stripe, the San Francisco digital payment startup, has now secured $100 Million investment from the Tiger Global Management which makes the company valuation to $20 Billion.
According to the report which has been revealed, the $100 Million investment by the Tiger Global Management, has come up with the valuation of $22.5 Billion. It comes on the heels of the Stripe raising $245 Million in the funding round of Series E.
With the increasing number of consumers using digital payments, the venture capitalist has been taking notice. Stripe is a leader in the market with its platform that uses the electronic payments and secure transactions both online and in-store. Among the other payment startups, Stripe is far the most sought after by the Venture Capitalist. It is the most valuable of the America unicorns, even passing the Palantir’s $20 Billion.
Some other investors in the Stripe include the Peter Thiel, Elon Musk, Andreessen Horowitz, Sequoia Capital, Kleiner Perkins, and Google Venture arm Capital G, according to the report.
“Stripe is also nowadays rapidly scaling across the globe, as well as extending our platform into issuing, some of the more global fraud prevention and physical stores with Stripe Terminal,” a Stripe executive said in an emailed statement. “The follow-on funding which has given us more leverage in these areas which are also much more strategic.”
Stripe has been kept on expanding its offerings and services in the recent months, with the company announcing a new partnership with the Funding Circle last week. With this collaboration, Stripe can link both the small and large scale business customers to financing provided by the Funding Circle. The deal also helps the Stripe to integrate their sales data with the Funding Circle, that enables them to receive faster decisions on the loan applications. At the time of announcing a deal, Stripe said that the online commerce represents just 3 percent of GDP and that it wants to increase that by allowing more small business to accept the online payments.