SPCX - Wall Street Breakfast: Most Valuable Startup

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Most valuable startupDigital payments giant Stripe (STRIP) is raising $600M in new funding at a $95B valuation, making it the most valuable startup in the U.S. It's nearly triple the $36B valuation Stripe secured last April, when it raised another $600M from investors including Andreessen Horowitz and Sequoia Capital. Investors in this round include Allianz, Fidelity and Baillie Gifford, as well as the sovereign wealth fund of Ireland, which is the home country of Stripe founders John and Patrick Collison.Backdrop: Stripe was founded in 2010 by the two Irish siblings (their net worth jumped to $11.4B each with the latest valuation). The company's software, which competes with PayPal (NASDAQ:PYPL) and Square (NYSE:SQ), is used by businesses to accept online payments and has been a big beneficiary

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Wall Street Breakfast: Most Valuable Startup