US payment giant, Stripe, adds Africa via its acquisition of Paystack, in its books, and hits a new valuation: $95 billion. These things always work: Amazon puts in say $2 billion in India, and Wall Street adds a valuation of $20 billion for the Indian exposure. My model is that Stripe’s $200M voyage in Africa via Paystack might have added at least $3 billion in its latest valuation!
Stripe, which builds economic infrastructure for the internet, announced on Sunday it has raised a $600 million funding round that puts its valuation at $95 billion.
The round was graced by many investors, including Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National Treasury Management Agency (NTMA).
The $600 million round has put the payment company above SpaceX and Instacart, whose valuation is placed at $74 billion and $39 billion respectively. Stripe has thus become the most valuable private company in Silicon Valley.
Paystack’s Parent, Stripe, Raises $600m In A Fresh Round to Reach $95bn Valuation
Stripe Acquires Nigeria’s Paystack for More than $200 Million
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