Insiders: Payment giant Stripe seeks to raise $3 billion at a valuation of $55-60 billion

ChainCatcher news, according to the technology news site The Information, payment giant Stripe is set to raise $3 billion at a valuation of $55-60 billion, with New York investment firm Thrive Capital becoming the lead investor in the latest funding round. The Information states that the $3 billion funding is expected to provide some breathing room for the payment company and alleviate the pressure of going public, occurring as Stripe weighs the options of an IPO or direct listing.

In addition, The New York Times reports that the venture capital firm is expected to inject about $1 billion into Stripe. The report indicates that due to Stripe's current valuation of approximately $55-60 billion, it has significantly decreased from the previous round's valuation of $95 billion. (The Information)