Stripe Adds New Funding, Board Member

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The upward trend of payments infrastructure company Stripe continues, with two key developments announced Wednesday

Tiger Global Management is making a new $100 million investment in the startup, adding to the $245 million investment it made September 2018. Stripe is now valued at $22.5  billion, and aims to expand its services globally and add new services for its users.

Joining its board of directors is cloud computing veteran Diane Green. She was recently CEO of Google’s cloud computing unit, co-founded VMWare and was co-founder and CEO of VXExtreme, which became a unit of Microsoft in 1997. She also co-founded and led Bebop, which is now owned by Google.

She is currently a director at Alphabet (Google’s parent company) and SAP, the global corporate software company.

“We’re building Stripe for the long-term,” said Stripe co-founder and CEO, Patrick Collison, in a statement. “We’re lucky to do so alongside a roster of detail-oriented directors who believe that infrastructure revolutions can compound for decades, and that operational excellence can be a durable competitive advantage.”

San Francisco based Stripe was founded in 2010, and currently has 1300 employees.