Digital payments company Stripe said on Sunday that it had closed a $ 600 million funding round that values the company at $ 95 billion – more than double the valuation a year ago.
Stripe said it would use the money to ramp up its European operations – notably its co-headquarters in Dublin – and “support the rising demand from large companies across Europe and expand its Global Payments and Treasury Network.”
Thirty-one of the 42 countries where Stripe operates are in Europe.
“We’re investing a ton more in Europe this year, especially Ireland,” Stripe co-founder and president John Collison said in a statement. “Whether it’s fintech, mobility, retail or SaaS, the growth opportunities for the European digital economy are enormous.”
Last month, Barron’s reported Stripe sought additional funding, with a valuation target of approximately $ 100 billion.
Last April, Stripe received approximately $ 600 million in funding at a valuation of $ 36 billion.
The company, which has dual headquarters in San Francisco, had raised a total of approximately $ 1.6 billion in 14 rounds of funding prior to Sunday’s announcement, Crunchbase said.
Stripe said the main investors for the latest round of funding are Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital and Ireland’s National Treasury Management Agency.
Stripe is one of the largest so-called unicorn companies and is a perennial candidate for a mass IPO.