Stripe, a provider of solutions for automating electronic payments, has announced an additional $6.5 billion investment.
"The funds will be used to compensate current and former employees. We must meet our staff obligations to pay taxes on equity awards. Stripe shares will be removed from circulation, offsetting the issuance of new securities for Series I investors", as stated on the company's website.
The project key investors are Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, as well as new investors including GIC, Goldman Sachs Asset and Wealth Management, and Temasek.
Stripe has also announced a collaboration agreement with OpenAI. The goal of this agreement is to monetize leading OpenAI products while also improving Stripe with GPT-4.
Stripe is a market leader in payment systems, but unlike most competitors, it only provides financial services and e-commerce software to businesses.
