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stripe-768x384.png Mar 16

Stripe Raises $6.5B On $50B Valuation To Address Employee Tax Obligations

  • Payment technology company Stripe Inc. today announced that it has raised an additional $6.5 billion in funding on a $50 billion valuation to provide liquidity to current and former employees so it can address tax obligations related to equity awards.
  • Typically when a tech company raises new funding, it goes toward product development and hiring, but Stripe’s surprise, very late-stage raise was all about giving its current and former employees liquidity.