Share this article
Payments Processor Stripe Secures $6.5B in Funding at $50B Valuation
Stripe's valuation has fallen about 47% from its 2021 fund raise of $95 billion.
By Aoyon Ashraf
Updated May 9, 2023, 4:10 a.m. Published Mar 16, 2023, 12:00 a.m.
Payments processor firm Stripe said it signed agreements to raise more than $6.5 billion at a valuation of $50 billion, which is about 47% lower than its 2021 valuation of $95 billion.
The company said in a press release on Wednesday that it doesn't need the capital to run its business; rather, it will use the proceeds to provide employee liquidity. "The funds raised will be used to provide liquidity to current and former employees and address employee withholding tax obligations related to equity awards, resulting in the retirement of Stripe shares that will offset the issuance of new shares to Series I investors," according to the press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The investors for the new round included existing Stripe shareholders Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners and Thrive Capital, and new investors GIC, Goldman Sachs Asset and Wealth Management and Temasek, the company said in the statement.
In November, Stripe said it was cutting over 1,000 jobs, or 14% of its staff, citing macroeconomic factors including inflation, rising energy prices and higher interest rates.
Goldman Sachs served as sole placement agent on the new funding round, and JPMorgan acted as financial advisor.
Read more: Stripe Debuts Fiat-to-Crypto Payment Offering for Web3 Businesses
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
