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.
TechCrunch 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. In an unusual twist, Stripe is believed to be raising new funds to, as The Information reported, “address the issue of expiring restricted stock units for some of its veteran employees—and a massive employee tax bill that will likely come with it.”
