Payments processor Stripe on Wednesday raised $6.5 billion in a funding round led by existing and new investors at a sharply reduced valuation of $50 billion, down nearly 50% from two years ago.

Stripe's valuation surged to $65 billion in a deal that will allow employees to cash out their stock, the payments service provider said on Wednesday, potentially further delaying its much-awaited ...

Stripe has laid off some of the employees who support TaxJar, a tax compliance startup that it acquired last year, TechCrunch has learned from multiple sources and firsthand documentation.. The ...

The massive financial-technology unicorn Stripe plans to lay off 14% of its employees, becoming the latest tech company to acknowledge that it had been too upbeat about growth trends levered to e ...

According to LinkedIn data, Stripe’s employee base more than doubled over the past two years. As of last month, it had more than 8,000 employees, and the new cuts bring it slightly below 7,000 ...

The deal will value the company at $91.5 billion, said Stripe co-founder John Collison in an interview. The new valuation is below a peak of $95 billion in 2021, though higher than when it was ...

The news coincides with Stripe’s annual letter penned by CEO and co-founder Patrick Collison, which noted that payment volume in 2024 grew to $1.4 trillion, up 38% on the year before.

Stripe accidentally sent an image of a cartoon duck to some staff in a layoff email, BI has learned. The company also sent some laid-off employees an incorrect termination date. Stripe laid off ...

Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event. The highlights include: a new AI foundation model for payments; stablecoin-powered ...

Fintech giant Stripe has acquired stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington. This makes it Stripe’s largest acquisition ever, and the most ...