FinTech Magazine December 2020 | Page 81

02

Stripe

Value ( USD ) : $ 36bn

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San Francisco , California-based payment processing company Stripe has maintained a strong position in fintech throughout 2020 ; it was recently ranked the second-most well-funded company of the year so far ($ 1.95bn ). Ever diverse , Stripe announced in 2019 that it was venturing into machine learning-driven enterprise loans and credit card offerings . Over 40 category leaders ( processing more than $ 1bn ) are reportedly now using Stripe ’ s service . This , coupled with its strong ($ 600m ) Series G extension round in April 2020 , seemingly indicates that industry interest in Stripe isn ’ t going to wane any time soon .
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