Digital payments giant Stripe's value soared to $95 billion after it capitalized on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable US startup.
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Founded in 2010 by Patrick and John Collison when the Irish brothers were barely out of their teens, Stripe is used by more than 50 companies each processing over $1 billion annually to receive payments and bill customers.
Its list of customers includes Google, Uber and Amazon, and more recently Just Eat, Zoom, Jaguar Land Rover and shipping giant Maersk.
The company said it would use the capital to invest in its European operations – which cover 31 of the 42 countries where Stripe is active – and expand its global payments and treasury network.
