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Stripe acquires TaxJar to add cloud-based, automated sales tax tools into its payments platform – TechCrunch

Stripe acquires TaxJar to add cloud-based, automated sales tax tools into its payments platform – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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How Stripe Became Silicon Valley's Hottest Startup

How Stripe Became Silicon Valley's Hottest Startup
Payment processor has turned a humdrum business — helping companies accept credit-card payments — into a blockbuster valuation
published :
15 Apr 2021 at 04:00
12
President John Collison, in the patterned shirt, founded Stripe with brother Patrick, the payments company's chief executive, after having trouble getting their earlier business ventures approved for credit-card-processing accounts. (Photo: Bloomberg)
The pandemic threatened to clobber Stripe Inc. Instead, it turbocharged the company.
Stripe processes payments for e-commerce companies, keeping a tiny cut of each purchase as a fee for its services. When stay-at-home orders early in the pandemic caused spending to plunge and refund requests to skyrocket, the outlook wasn't great.

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Stripe Nabs Goldman MD Sujatha Srinivasan to Focus on Risk Management

Rafael Henrique/SOPA Images/LightRocket via Getty Images
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Stripe has hired a 20-year veteran of Goldman Sachs to help lead its risk-management efforts.
Sujatha Srinivasan was named enterprise risk management lead at Stripe.
Srinivasan spent two decades at Goldman, most recently serving as co-head of market risk for global markets.
A 20-year veteran of Goldman Sachs is leaving the bank to join one of the hottest fintechs in the world.
Sujatha Srinivasan, a managing director at Goldman Sachs and global co-head of market risk for its global markets division, is joining Stripe as its enterprise risk management lead, according to Srinivasan's LinkedIn.

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Fintech startups are booming

SAN FRANCISCO — In 2009, Shamir Karkal and several colleagues struggled to raise money for a banking startup, Simple. Most of the 70 venture capital firms they met over the course of a year did not see the point of the idea, he said. The few that did thought it would fail.
By last year, things had changed. When Karkal set out to raise funding for his new financial technology startup, Sila, which makes regulatory compliance software, he garnered $5 million in a few months with a fraction of the pitches. He said he was frustrated it did not happen even faster.
“I know folks in the space who raised rounds in less than one week,” he said.

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The start-up enemies of Wall Street are booming

The start-up enemies of Wall Street are booming
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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The startup enemies of Wall Street are booming

The startup enemies of Wall Street are booming
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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The Start-Up Enemies of Wall Street Are Booming

The Start-Up Enemies of Wall Street Are Booming
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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Stripe's value hits $95b after payment giant's latest fundraising

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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Digital payments firm Stripe valuation soars to $95bln after latest fundraising

Digital payments firm Stripe valuation soars to $95bln after latest fundraising
Business
March 16, 2021
San Francisco: Digital payments giant Stripe has become the most valuable private company Silicon Valley has produced, after investors struck a deal valuing the online payments processor at $95bn.
Participants in Stripe’s latest financing, which raised $600m of new equity, include Ireland’s National Treasury Management Agency, Allianz, Fidelity, Baillie Gifford, AXA and Sequoia Capital.
Founded in 2010 by Irish brothers Patrick and John Collison — now aged 32 and 30 — Stripe’s valuation has almost tripled in less than a year, surpassing those achieved by Facebook and Uber before they went public.

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Stripe reaches $95B valuation

Dive Brief:
Stripe raised $600 million in its latest round of fundraising, giving the payments processing software company a $95 billion valuation, it said in a Sunday press release. That makes Stripe, with dual headquarters in San Francisco and Dublin, Ireland, the most valuable company ever to emerge from Silicon Valley, the Financial Times reported.
The company, which has not publicly discussed when it might file for an IPO, said it will use the latest capital injection to expand its already significant European operations, particularly its Dublin headquarters. Stripe hasn't disclosed financial statements, but said in the release it now has 50 corporate clients that each process more than $1 billion annually.

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