Stripe’s valuation is marked down again as fintechs face pressure
Asset manager Fidelity has repriced its stake in the payments processing company several times this year, with the value of its shareholding marked down by 35 per cent since January
Fidelity Investments has marked down the value of its stake in Stripe, the payments processor founded by Patrick and John Collison, for the second month in a row.
The US asset manager, which has backed Stripe across a number of funding rounds, repriced the value of its holdings in the payments firm to $27.15 a share at the end of May, according to recent filings. This marks a 15 per cent decline from April, when ...