What’s Stripe’s deal?

Stripe eyes exit reportedly tried raising at a lower valuation

The big news in fintech this week revolved around payments giant Stripe.

Stripe, the payment giant, has set a deadline of 12 months to go public through a direct listing or private market transaction. The company has reportedly approached investors to raise $2 billion at a valuation of $55 billion to $60 billion, a significant decrease from its previous valuation of $95 billion in March 2021. This has raised questions about the company’s intentions for the funding, as it is highly unusual for investors to fund a tax bill. Next Round Capital Partners CEO, Ken Smythe, believes that private fundraising is more likely than an IPO for Stripe, as going public will remain challenging for most companies until 2023 or 2024. The company is exploring ways to generate more revenue to stay competitive in the crowded fintech space.

The article is “What’s Stripe’s deal?“