Bengaluru: All new round of funding from KPCB, Amex and Sequia through partnership with Visa has valued the five year old payment processing company Stripe at $5 billion. The deal with Visa will see this duo work together on a range of ventures that include digital transaction and security.
The exact sum of financing is still unknown as Stripe didn’t confirm the funding amount. While its new valuation jumped to $3.5 billion, it secured $70 million of minting in December and linked with Kickstarter in January, 2015. To focus on international growth, Stripe’s collaboration with Visa will give it a boost. Explaining the same, Stripe’s Co-Founder & CEO, Patrick Collison has claimed that Stripe will expand its international coverage beyond 25 countries and it currently serves through learning payment giant’s international presence.
John Collison and Patrick, who founded Stripe, released a code last month for e-Commerce merchants to add American Express ‘buy button’ at the checkout page. With inking the latest and perhaps the best deal for the company with Visa, Stripe is reared up to swipe through the digital transaction industry.