Tech

Collison brothers’ Stripe raised $694 million in stock sale

The fintech is valued at $65 billion in February, up from 2023 but down compared to its $95 billion peak in 2021

Patrick Collison, the chief executive officer and co-founder of Stripe, and John Collison, the company’s president and co-founder. Picture: David Paul Morris/Bloomberg

Stripe, the Irish-founded fintech, said on Friday it had raised $694.2 million in a stock sale first announced in February.

In the regulatory filing with the US Securities and Exchange Commission (SEC), the company, led by Patrick and John Collison, declined to disclose its revenues.

Stripe’s valuation jumped to $65 billion in February, on the back of the deal with investors allowing staff to cash out some of their shares in the company.

As part ...