Stripe Inc. said Wednesday that a new fundraising round values the financial-technology startup at roughly $20 billion, vaulting it into the ranks of the world’s most valuable private companies. Hedge-fund firm Tiger Global Management LLC led the $245 million investment, along with Yuri Milner’s DST Global and Sequoia Capital, one of Stripe’s earliest investors. The round gives Stripe a valuation that is more than double the $9.2 billion it attained in a November 2016 fundraising.

Source: Wall Street Journal September 26, 2018 20:37 UTC