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STRIPE IS SAID to be in talks which, if successful, could see the payments company valued at more than $5 billion (€4.5 billion).
The company, which was founded by Limerick brothers Patrick and John Collison back in 2010, is believed to be in talks to raise new investment, according to Re/Code.
The exact amount it was looking to raised wasn’t confirmed, but one source for TechCrunch believes it could be as high as $500 million.
The talks come less than seven months after it announced a $70 million investment that valued it at $3.5 billion (€2.8 billion).
Back in January 2014, it was valued at $1.75 billion (€1.6 billion), meaning its value will have increased by $3.25 billion (€2.9 billion) in the space of 15 months if it’s successful.
Stripe is designed to make online credit card payments simple for startups and other companies. The San Francisco company usually charges businesses 2.9%, plus a 30 cent fee, on each transaction, similar to Paypal, and is known for being developer friendly and its ease of use.
It has been successful in developing partnerships with Twitter, powering a buy button on the service, and is said to be doing the same with Facebook. It’s also partnered with Apple Pay which allows users in the US to pay using their phone or their watch with one touch.
Stripe is currently available in five countries, including Ireland, and is in beta in another 15 countries.
If it reaches this valuation, it would be one of the most valuable startups in the world and would follow other startups whose valuations are quickly growing.
Startups like Slack, which opened an office in Dublin recently, is valued at $2.8 billion (€2.45 billion) while Uber, which is currently valued at $41 billion (€37 billion), is hoping to go through a new round of funding which would bring its valuation up to $50 billion (€45 billion).
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Comments closed on both the Dennis O’Brien and Bloxham article despite rulings being given in both. You’re a strange bunch in the journal.
On a separate note fair play to the two Collison brother.
“To learn who rules over you, simply find out who you are not allowed to criticise” – Voltaire
A dark day folks……a dark day.
Well said Rocky and Were Jamming. .. wonder how long before your comments about DENIS O BRIEN!!!!!!!!! will be deleted
Voltaire never said that, it is actually a quote from Kevin Alfred Strom, Neo-Nazi, Holocaust denier and a paedophile
“Most internet quotes are attributed to the wrong person” – Abraham Lincoln
“Dont believe everything you read on the internet” – JFK
Moses said the same thing about the Internet.
Guy from Bloxham now works for Pinergy. Boycott folks.
I’d be interested to see Donald binchys bank acc after the ruling haha
He’ll be getting a p45 without pension lol
Yeah judge was appointed just last year, from Clonmel. Same neck of the woods as Lowry and Alan Kelly.
Moses broke his first tablet and had to get a replacement
His tablet didnt have Wifi
A couple of things to note.
While a judgement has been reached in the DOB case, the judge ordered a total media ban on talking about the contents of the judgement until the documents are redacted. They will return to court on June 5th. Hence the comments being closed in would imagine.
Secondly, the Collision brothers have since denied they are seeking funding of 500 million anything.
Congrats to the two boys.
They join Andy Lee and even The Rubberbandits as young Limerick people currently out in the world making a success of themselves.
They join the Oscar winner, 3 Grammy Award winners, Pulitzer Prize winner, The Cranberries, Terry Wogan, D’unbelievables, Kevin Barry all of whom have entertained audiences far beyond these shores all in the last 30 years, making Limerick a prolific region for exporting talent and culture.
I only mention them because many Irish people associate Limerick with…well you know what!!!
You also gave us Noonan and O’Dea ;-)
The valuations sound like déjà bubble. But well done to them.
Cash out!
Richard Bruton will be along shortly.
Well done lads keep it up.
I’ve used stripe for a website and it’s fantastic. Have realex on another site I develop and it’s a total pain in the bum to use.
have your say