Stripe Confirms Employee Tender At $91.5 Billion Valuation
**Stripe Confirms Employee Tender At $91.5 Billion Valuation**
By Martin Peers
6 hours ago
Source: The Information
Payments processing firm Stripe said it had struck a deal with investors to finance a tender offer for current and former employees to sell shares at a valuation of $91.5 billion, only a little way from its peak valuation of $95 billion reached in 2021.
Stripe's valuation had fallen to $50 billion in March 2023, after rising interest rates dampened growth of its business. But its business had shown signs of recovery. The fundraising confirms a report in The Information earlier this month.
Stripe also published an update on 2024 results, reporting that its payment volume rose 38% last year to $1.4 trillion, putting it a little behind PayPal which reported $1.68 billion. Stripe keeps a small share of that payment volume. The company said it was profitable last year and expects to also make money this year. It noted that it ploughs back its profits into R&D.