Stripe Raises $100M Series E Extension at $22.5B Valuation

Stripe closed a $100 million Series E extension round led by Tiger Global Management in late January 2019, pushing the company's valuation to $22.5 billion. This made Stripe the most valuable private fintech company in the world at the time, surpassing competitors such as Square and Coinbase. The capital was earmarked for Stripe's continued expansion beyond online payments into embedded finance-adjacent services.

These included Stripe Terminal for physical point-of-sale transactions, allowing the company to compete with Square's established POS business. Stripe was also trialing cash advance products similar to offerings from PayPal and Square, signaling a move into embedded lending. The round underscored investor confidence in Stripe's platform approach spanning payments, billing, Atlas incorporation services, and Connect for third-party payouts.