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Business Wars Daily

Lucky Stripe: Silicon Valley Fintech Startup Zooms to $35B in Value

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 23 September 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

Today is Monday, September 23, and we’re looking at Stripe vs. Square.

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Transcript

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0:00.0

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One, three.

1:06.8

The From Wondry, I'm David Brown, and this is Business Wars Daily.

1:08.0

Happy Monday, everyone.

1:12.9

It may be the biggest tech startup you've never heard of, unless you own your own business, that is. Stripe, an online payment service announced last Thursday that it is

1:18.6

now worth more than $35 billion. That's according to valuations by investors who just poured

1:24.6

another $250 million into the company, which helps small businesses

1:28.3

accept payments over the Internet. That funding boosted Stripe's valuation by $12 billion,

1:34.3

making it the third most valuable startup in the U.S., according to Bloomberg.

1:38.4

That news outlet says only the Wee Company, owner of WeWork, and Jewel, the Vap Company,

1:43.5

are worth more. And unlike those two companies,

1:46.1

Stripe doesn't appear to be financially troubled as the Wii Company is, or struggling with

...

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