Stripe is reportedly nearing a deal to raise $3 billion from its existing investors.
The Information reported Monday (Jan. 30) that the deal would value the payment platform at between $55 billion and $60 billion.
The company is pursuing the deal in order to give liquidity to employees who have promises of future shares, some of which are going to expire, while at the same time not wanting to rush into going public, according to the report.
Talks between Stripe and investors have been going on for months, per the report.
This news comes four days after the Wall Street Journal reported that Stripe was considering either going public or allowing employees to sell their shares within the next 12 months.
The WSJ reported at the time that Stripe is more likely to conduct a direct listing than an initial public offering (IPO) because it doesn’t need to raise capital but does have employees and other investors who would like to be able to sell their shares.
Stripe recently reduced its internal valuation for the third time since last June, with the latest reduction, which was reported by The Information on Jan. 11, representing an implied valuation of $63 billion.
As PYMNTS reported at the time, Stripe had been valued at $95 billion following a $600 million funding round in 2021, slashed its internal valuation by 28% in June and then made a smaller cut in October that added up to a 40% reduction over six months.
The payments platform has also recorded some wins recently.
On Friday (Jan. 27), it said BMW of North America had selected Stripe as its primary payments infrastructure, facilitating the automaker’s U.S. vehicle preorders and online purchases of extended warranties, maintenance and digital services.
Days earlier, it was reported that Amazon plans to “significantly expand” its use of Stripe, with a new agreement making the payments platform a strategic payments partner for Amazon in the U.S., Europe and Canada.
Amazon and Stripe have worked together since 2017. The new partnership will also see Stripe expand its use of Amazon Web Services (AWS) for “compute infrastructure” to help it serve its business clients.
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