Stripe Valuation Reaches $85 Billion, Up $15 Billion, as It Plans for 10,000 Employees

Stripe is reportedly considering a sale of shares held by employees that would value the company at $85 billion, an increase of $15 billion from previous valuations. Despite earlier layoffs, the fintech firm is experiencing rapid growth, with plans to expand its workforce to 10,000 employees this year. The company, founded over a decade ago by Irish brothers Patrick and John Collison, has established itself as a leading financial institution. Additionally, Stripe is embracing cryptocurrency as part of its strategy, aligning with trends observed among other fintech firms like Klarna and Deel, which are also eyeing initial public offerings (IPOs).