The fintech was reportedly valued at nearly $107bn just last September.
Stripe is arranging a tender offer that would raise the Irish-founded fintech giant’s valuation to at least $140bn, reports Axios. The fintech was reportedly valued at nearly $107bn just last September.
Stripe has not yet filed for an initial public offering (IPO), even though rumours of such a move have been floating the public for years. Company co-founder and president John Collison told Bloomberg last month that they were in “no rush” to go public.
Stripe last announced a $6.5bn raise in 2023, which valued the company at $50bn – slashing its previous peak of $95bn in 2021. The round included big name investors including Andreessen Horowitz, General Catalyst, Thrive Capital, and Goldman Sachs Asset and Wealth Management.
The Irish-American company brought back crypto services in 2024 after a six-year hiatus. Collison, at the time, declared on X: “crypto is back”. That year, the company acquired stablecoin platform Bridge in a $1.1bn deal, which marked its largest-ever acquisition.
Last June, the company Stripe acquired the US-based crypto wallet provider Privy for an undisclosed sum. The same year, it launched a joint crypto venture called Tempo, which reportedly raised $500m at a $5bn valuation a little more than a month after coming out from stealth.
In November, Swedish fintech giant Klarna become the first bank to launch a stablecoin on Tempo called ‘KlarnaUSD’. The coin is set to launch this year. Meanwhile, in December, Stripe said that it would acquire Metronome, a US-based software developer in the billing and invoice space, for an undisclosed amount.
Early last year, Stripe announced that it would lay off 300 workers, or around 3.5pc of its total workforce at the time. According to a leaked memo, the company said that it would continue to grow to about 10,000 employees by the end of the year – an increase of 17pc.
Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.