Stripe has gotten a boost thanks to the pandemic-fueled surge in demand for online and mobile commerce.
Europe is a key region for Stripe, comprising 31 of the 42 countries where it operates. Among its well known European customers are Axel Springer, Jaguar Land Rover, Maersk, Deliveroo and Klarna.
“We’re investing a ton more in Europe this year, particularly in Ireland,” said Stripe president and co-founder John Collison, in the release. “The growth opportunity for the European digital economy is immense.”
Top global investors -— such as Allianz, Axa, Baillie Gifford, Fidelity, Sequoia Capital, and Ireland’s National Treasury Management Agency — took part in the recent funding round, Stripe said.
Stripe’s growth has made it one of the most widely anticipated initial public offering candidates of 2021, though it has yet to file for an IPO or give any other clues about plans to eventually start trading on Wall Street.
But Stripe now maintains that it makes more sense to focus on processing credit card, debit card and mobile wallet transactions instead of cryptocurrencies.