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Fintech startup Stripe is now valued at $159 billion after a secondary stock sale for employees and shareholders, the company announced Tuesday.
The valuation shows blistering growth from a year ago, when it was valued at $91.5 billion. Stripe’s valuation nearly tripled to $95 billion in 2021.
“In the AI era, Stripe is emerging as the default financial layer for companies at the frontier of the ‘token economy’ in its work with the world’s top startups and enterprises,” said Philippe Laffont, founder and portfolio manager of Coatue Management, one of the investment funds participating in the tender offer.
Thrive Capital, a16z, and others are also participating and Stripe will also repurchase shares, the company said in a release.
