Stripe | Business Post

Stripe agrees $6.5bn fundraise at a $50bn valuation

Financing to be used to provide liquidity to current and former employees and address withholding tax obligations related to equity awards

Stripe to use fundraising cash to pay down $3.5 billion tax bill

The company has faced several issues recently, with its value falling from $95 billion to an estimated $50 billion

Stripe cuts valuation for second time in two months – report

The tech firm founded by the Collison brothers was valued at $95 billion two years ago, but has endured a turbulent period

Stripe forecasts profit of $100m this year after $80m loss in 2022

Fintech founded by brothers Patrick and John Collison is seeking new funding as it considers a public listing and is on track to process $1 trillion in payments

Brothers in arms: How the Collisons went from great expectations to growing pains

Big things were expected of the Collison siblings on their early success with Stripe, but as the online payment company meets hurdles on its journey from start-up to big player, questions are being asked

Stripe’s finance chief departs as company considers long-awaited public listing

Dhivya Suryadevara said she was leaving the fintech to attend to family matters

Stripe in talks over potential $2.5bn investment

Deal would value the payments provider at $55bn - $60bn, sharply down from the $95bn it was valued at two years ago

Stripe valuation cut as Principal marks down its stake while Collisons consider IPO

Revaluation means the online payments company is now valued at $63 billion compared to a March 2021 high of $95 billion

Stripe weighing plans to go public within 12 months

Company also considering whether or to allow employees to sell shares in a private-market transaction as an alternative to listing

Business Post's View

Editorial: Tech growth unlikely to come off the tracks despite layoffs

Job cuts in Google and Microsoft are a response to shareholder pressure to lower costs, rather than a crisis

Stripe clawed back pension contributions after staff cuts

Collison brothers’ ecommerce unicorn continues to cut value of shares in face of tech sector shrinkage

Fortune of Stripe’s Collison brothers falls by $8bn in six months due to ‘tech wreck’

The tech founders’ fortunes were revised again last week after Stripe slashed the internal valuation of its shares for the third time since June

Evening Headlines

Triple profits forecast at Bord Gáis owner; Food price inflation warning from Bord Bia

The stories you need to read this evening in business, politics and current affairs

Stripe valuation declines to $63bn from $95bn high after internal repricing - reports

Online payments company cuts internal valuation of its shares for the third time since June

Start-ups get set to flex their muscles

Can Ireland be a start-up ‘superpower’ in an economic downturn? Jonathan Keane investigates

Life after Stripe and Meta: Techies look to their next move

Recruiters tell Alex Meehan which areas are hot for those looking for a new job

The top women in tech: The leaders you need to know

While tech bros are going about trying to destroy society, there are plenty of women who are, thankfully, doing the opposite. Charlie Taylor and Emmet Ryan present a round-up of the top women in Irish tech

Heavy reliance on FDI could result in severe job losses, government warned

Ireland more exposed than others to economic downturns, says author of a report on FDI in Ireland, following job cuts at a number of tech firms this month

Today's headlines

Stripe officially notifies Varadkar of redundancies; Bank of Ireland ups fixed mortgage rates

The biggest stories from the worlds of politics and business in today’s Business Post

Stripe officially notifies Varadkar of job cuts as up to 90 staff face redundancy

Tech company is one of several to have announced job losses over recent days, with Meta and Twitter laying off hundreds of employees in Ireland