FinTech news in Thrive Capital category

Founded by Irish brothers John and his brother Patrick Collison (the CEO), Stripe has raised more than $2.2 billion in funding since its 2010 inception from investors such as Allianz (via its Allianz X fund), Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, General Catalyst, Base Partners, GV and an investor from the founders’ home country, Ireland’s National Treasury Management Agency (NTMA). Thrive Capital has reportedly committed $1 billion in fresh capital to payments giant Stripe as part of a new investment in the works that would value the fintech company at between $55 billion and $60 billion. journalist reported last week that Stripe was seeking to raise $2 billion but the number could actually be closer to $2.5 billion to $3 billion, according to reports from the New York Times and The Information. Also, journalist recently reported on how new fintech startup Mayfair is paying Stripe a fee as part of its mission to offer businesses a higher yield on their cash.