The investment round, first reported by The Wall Street Journal, was led by CapitalG and General Catalyst, and also included participation from existing investors including Sequoia Capital. US fintech firm Stripe has raised £121m in an investment round led by CapitalG and General Catalyst, which takes the company's valuation to $9.2bn. The company intends to use the funding to build more products, expand into new sectors and invest in or acquire other businesses. In a blog post, CEO Patrick Collison said that he was "excited about our future plans for Stripe" but declined to comment on whether it would be expanding beyond its current business model.
US fintech firm Stripe has raised £121m in an investment round led by CapitalG and General Catalyst, which takes the company's valuation to $9.2bn. The company intends to use the funding to build more products, expand into new sectors and invest in or acquire other businesses. In a blog post, CEO Patrick Collison said that he was "excited about our future plans for Stripe" but declined to comment on whether it would be expanding beyond its current business model.