Stripe co-founder and CEO, Patrick Collison
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Stripe has raised even more money to help it ride the wave of a global economy shifting online.
Silicon Valley’s most valuable start-up announced a new $600 million funding round that bumps its valuation to $36 billion, the company told CNBC. Axios first reported Stripe’s new valuation. Return investors in the round included Andreessen Horowitz, General Catalyst, Alphabet’s GV and Sequoia Capital.
The San Francisco-based payment company’s revenue is largely tied to growth in online shopping. Stripe highlighted the recent Covid-19 outbreak that is “pushing the economy online” and