Stripe was founded in 2011 by Patrick and John Collison. While the company had announced plans to go public by the end of 2023, news reports from March state that the company decided to pursue another round of private fundraising instead.
Stripe develops software to facilitate financial transactions over the internet. Its payments platform is used by millions of users globally, according to the company. Stripe has raised over $2 billion in Venture Capital funding from investors including Novator Partners, Tiger Global Management, CapitalG, Base Partners, Connect Ventures, Golden Gate Ventures, GV, Kleiner Perkins, Salesforce Ventures, Union Square Ventures, Khosla Ventures, General Catalyst, Lowercase Capital, Andreessen Horowitz, and Sequoia Capital. A March 2023 report states that an anticipated $6 billion funding round could value the company at $50 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.