Stripe 'sfounders have more than doubled theirwealth after a $600-million funding round announced Sunday.- The funding round valued Stripe at $95 billion, making it the most valuable private US tech company.
- Patrick and John Collison's combined net worth jumped to $23 billion - that's $11.4 billion each.
Stripe's founders Patrick and John Collison have more than doubled their total wealth to $22.8 billion, after the payments company said Sunday it had raised a $4.
Stripe is now valued at $95 billion, making it the most valuable private company in Silicon Valley.
The net worth of 32-year-old Patrick Collison and his younger brother John, 30, leapt to $11.4 billion each with the latest
This makes them one of the top-200 richest people in the world, according to $4.
The Irish brothers founded the online payments processor, which rivals
The new valuation has seen Stripe leapfrog SpaceX's most recent $4 and delivery app $4. Stripe is $4 before it went public.
"We're investing a ton more in Europe this year, particularly in Ireland," John Collison, president and cofounder of Stripe, said in a $4. "Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense."
Dhivya Suryadevara, Stripe's chief financial officer, $4 on Sunday that she'd been "struck by how capital efficient the
Read more: $4
Stripe has benefited from the boom in online shopping during the pandemic, and its customers include Amazon, DoorDash, Zoom, and Deliveroo.
The youngest of the Collison brothers, $4 in April that Stripe has seen a "big spike in signups" as businesses turn to its technology for in-app purchasing and other e-commerce abilities during the COVID-19 crisis.
He also said Stripe was taking on new customers, such as Solv, a telemedicine service that allows users to consult medical professionals via their smartphone.