Payments start-up Stripe has a higher valuation than the likes of Airbnb and SpaceX, having announced a fund raise of $250m. The company is now valued at $1.3bn (£960m) after raising $400m in its latest funding round. The firm plans to use the additional money for international expansion and product development. The firm recently started providing near-instant loans to its customers and introduced a credit card for businesses. It plans to expand operations to a total of 40 countries within the coming months. This month alone, Stripe has launched two new products: Stripe Capital, which offers near-instant loans to its customers, and Stripe Corporate Card, a Visa credit card available to US businesses. The San Francisco-based company provides payment infrastructure for Booking.com, Deliveroo, Spotify and Uber.
Payments start-up Stripe has a higher valuation than the likes of Airbnb and SpaceX, having announced a fund raise of $250m. The company is now valued at $1.3bn (£960m) after raising $400m in its latest funding round. The firm plans to use the additional money for international expansion and product development. The firm recently started providing near-instant loans to its customers and introduced a credit card for businesses. It plans to expand operations to a total of 40 countries within the coming months. The San Francisco-based company provides payment infrastructure for Booking.com, Deliveroo, Spotify and Uber.