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The Stripe emblem on a smartphone with U.S. greenback banknotes within the background.
Budrul Chukrut | SOPA Photographs | LightRocket by way of Getty Photographs
Main funding companies are upping their stakes in digital funds agency Stripe forward of an eventual public itemizing, the Wall Avenue Journal reported Monday.
Capital Group, Sequoia Capital, Shopify and Silver Lake all purchased shares from present stakeholders, together with present and former Stripe workers, the Journal reported, citing unnamed sources. The gross sales totaled about $1 billion, of a complete $4 billion that was bid.
Representatives for Stripe and for the funding companies didn’t instantly reply to request for remark.
San Francisco-based Stripe, based a decade in the past, makes software program that processes funds for e-commerce companies and have become the most beneficial non-public fintech firm after a spherical of fundraising in March that valued the corporate at $95 billion.
Stripe ranked No. 2 on the 2021 CNBC Disruptor 50 checklist.
Learn extra in regards to the latest inventory sale within the Wall Avenue Journal.
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