KP1331
2021-03-16
Cool
Stripe now most valuable US startup
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Nearly 75% of the 42 countries that use Stripe are located in Europe, including many of the continent’s fastest-growing companies.</p><p>Primary investors in the funding round include Ireland’s National Treasury Management Agency, insurers Allianz and AXA SA, investment managers Baillie Gifford and Fidelity Investments, venture capital firm Sequoia Capital.</p><p>Stripe now trails only China’s Bytedance ($140 billion) as the world’s most valuable startup, according toCB Insights. It is ahead of Elon Musk’s SpaceX ($74 billion) and Instacart Inc. ($39 billion) as the largest U.S. startup.</p><p>Stripe has experienced tremendous growth over the past year as many of its customers benefitted from the online shopping boom that occurred as a result of the COVID-19 pandemic. Customers include Amazon Inc., Wayfair Inc. and Shopify Inc.</p><p>Stripe will soon be available in Brazil, India, Indonesia, Thailand and the United Arab Emirates. 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