Allianz X, the digital investment unit of Allianz Group, has announced its participation in Stripe’s latest funding round, which totals $600 million. That puts Stripe at a valuation of $95 billion—something it has achieved since its founding only ten years ago. The investment, but also Allianz X’s network, which stretches from its portfolio of digital growth companies to Allianz entities and beyond the financial services ecosystem, will support Stripe’s expansion of its European operations and long-term plans for the continent.
"The innovation that Stripe has brought to the online economy over the past decade is astounding. By taking a tech-first approach and making payment processing more accessible, Stripe has paved the way for entirely new business models," said Nazim Cetin, CEO of Allianz X. "In Allianz, Stripe has an experienced partner for global financial services. We are excited to help Stripe further its expansion here in Europe and around the world."