Although San Francisco-based Stripe doesn’t disclose its payment volumes or financial results, the company has recently been valued at $95 billion, according to the Wall Street Journal.
As a payment processor to startups and fast-growing internet companies, Stripe has greatly benefited from the pandemic-induced boom in online shopping the last year, the newspaper says, noting it is now rapidly expanding in Europe via a new Dublin office.
And beyond payments, Stripe has recently been adding more financial services to the products it offers customers, including offering checking accounts and other business-banking services to merchants.
This article was written by Peter Rudegeair and originally published on The Wall Street Journal.
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