July 12, 2021 @ 3:06 pm By
Ireland’s digital payments Fintech Stripe is reportedly getting ready to make a stock market debut after hiring a law firm to look into a potential listing. Stripe is currently valued at around $95 billion.
The 11-year old Fintech has been founded by brothers John and Patrick Collison, and law firm Cleary Gottlieb Steen & Hamilton has been appointed to help with the firm’s listing plans.
Cleary Gottlieb and Stripe’s management have not provided any confirmed comments on the matter, however, it’s now believed that preparations for the listing are in their early stages and a listing might not take place in 2021.
It’s also being reported that Stripe will be pursuing a direct listing instead of an IPO since the firm doesn’t need to raise more capital.
Up until now, Stripe has been acquiring funds through the private markets. The Fintech firm’s last investment round in March 2021 had valued the business at $95 billion, which made it the most valuable private firm operating in Silicon Valley. As covered, Stripe’s Dublin business offices revealed plans, earlier this year, to add 1,000 jobs.
Stripe, a global tech firm that offers an economic infrastructure for the Internet, revealed last month that it had been chosen by Hargreaves Lansdown, the United Kingdom’s leading digital wealth management service provider.
Stripe will serve as Hargreaves Lansdown‘s main payments partner.
Hargreaves Lansdown has selected Stripe for the following:
As reported, Stripe, PayPal, and Grab executives have established an Angel Investment Network for early-stage startups, Fintechs in Southeast Asia.
Fintech firm Stripe remains focused on expanding its services beyond just payments. The company has introduced a tool that’s designed to assist Internet businesses with securely verifying the identities of their clients from more than 30 different countries.
Stripe Identity has been developed to assist online companies with complying with age requirements and KYC guidelines, along with being able to reduce or eliminate fraud and prevent account takeovers.
Developed on the same infrastructure that’s used to run Stripe’s global onboarding compliance and risk management, the tool may be deployed and also used within minutes, with no code needed.
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