Payments startup Stripe expects to process $1T in payments and possibly earn $100M EBITDA this year as it eyes a new fundraiser from potential investors.
Joshua Kushner's VC firm Thrive Capital is expected to contribute $1B to the upcoming funding round.
Sources informed Bloomberg that General Catalyst Partners, Andreessen Horowitz, and Founders Fund may join the forthcoming round.
- Stripe is reportedly aiming for a $55B valuation, which is nearly half of its peak $95B valuation from its $600M funding round in 2021.
- Last year, the firm reported an $80M loss after processing $800M in payments on its platform.
- Stripe roped in banks JPMorgan Chase and Goldman Sachs last month to explore fundraising options, including a direct listing of shares.
- Employees may be able to liquidate their restricted stock units after the fresh funding.
- The San Francisco-based organization has seen payments volume grow by 60% in 2021 and 20% in 2022.
