The media published information according to which Stripe is currently in talks about selling stocks of employees at an $85 billion valuation.
The mentioned expected deal could increase the valuation of the specified company by $15 billion. The relevant information was published by the media with reference to insiders who are aware of Stripe’s plans, which are still being discussed privately.
It’s worth mentioning that the company’s peak valuation was reached in 2021 when there was such a global tendency as a technological boom. At that time, the mentioned figure reached $95 billion. It is also worth noting separately that it was during the technological boom that Stripe last raised funding.
The interlocutors of the media representatives noted that the deal is currently being hammered out. This means that the terms of the business agreement may still change, including dramatically.
Stripe was founded and led by Irish brothers Patrick and John Collison. After its launch in 2011, the company transformed into a major financial institution. For a long period, the firm was considered a candidate for a large initial public offering (IPO) of shares. At the same time, the company focuses on the fact that it is in no hurry to commit such actions.
Stripe intends to lay off 300 employees. However, simultaneously, the company has completely different plans. In this case, it implies the intention of the firm to increase the total number of employees to 10,000 by the end of the current year. Currently, the company employs about 8,500 people.
The media also released information according to which Stripe is increasing its advertising budget. It is worth noting that the growth of the corresponding indicator has recently become something like a common practice for fintech companies. Over the past three years, spending on advertising in this industry has shown an increase of 45%.
Jeff Titterton, chief marketing officer at Stripe, said last month during a conversation with media representatives that for a long time fintech companies have been aligned with digital-native businesses, but currently, these firms are taking on a broader purview. Also, in the relevant context, it was noted that the addressable market of the mentioned companies continues to grow, which is why the relevant brands are starting operations where they previously had no presence.
Last year, Stripe announced a massive deal to acquire the Bridge stablecoin payments platform. The cost of this deal was $1.1 billion. The business agreement was ultimately closed last week.
Patrick Collison stated that stablecoins are room-temperature superconductors for financial services. In the relevant context, it was also noted that thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years.
Last month, Stripe expanded its partnership with Swedish Buy Now, Pay Later (BNPL) service provider Klarna. In this case, it allowed merchants to offer Klarna as an option to customers.
Klarna сhief сommercial officer David Sykes said the ambition is to make the company payments available everywhere, for everything, all the time.
As we have reported earlier, Shoplazza Partners Stripe for Payment Solution.
