No IPO soon? Stripe raises $694 million in a share sale 🤑💸; Klarna doubles down on the US with a credit card launch 💳🇺🇸

FinTech is Eating the World, 17 April

Hey Everyone,

Good morning! Today’s issue is especially interesting as we’re looking at two different but very important FinTech giants. We’re going to explore Stripe’s recent $694 million share sale (what it’s all about & why IPO won’t happen soon + bonus deen dives into Stripe and their latest numbers), and Klarna that’s doubling down on the US with a credit card launch (why it makes sense & what’s Klarna’s unfair advantage + a solid deep dive into the BNPL giant). Let’s jump straight into the interesting stuff 🌶

No IPO soon? Stripe raises $694 million in a share sale 🤑💸

The news 🗞️ FinTech powerhouse Stripe has just raised $694.2 million through a tender offer announced in February 2024, according to a recent regulatory filing with the U.S. Securities and Exchange Commission (SEC).

The deal, which valued Stripe at $65 billion, marks a rare bright spot in an otherwise subdued venture capital market and represents a 30% increase from the company's 2023 valuation.

Let’s take a look at this and see what it means.