Bitcoin Payment Processor Stripe’s Valuation To Hit $9.2 billion After New Funding Round

Bitcoin Payment Processor Stripe’s Valuation To Hit $9.2 billion After New Funding Round

Stripe, a provider of a payment interface that allows companies to accept bitcoin, will be valued at $9.2 billion when a new funding round adding $150 million completes, according to MarketWatch. Other fintech firms and some Silicon Valley tech startups have struggled to maintain their valuations. The share price for Square Inc., for instance, has stagnated since that company went public in 2015. General Catalyst Partners and Capital G., an investing arm of Alphabet Inc., co-led the funding round, which also included Sequoia Capital. Michael Moritz, a Sequoia Capital partner, said it was a....


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