Allianz X supports Stripe’s expansion in Europe

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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."

Stripe powers global payments and surrounding services with its economic infrastructure for the internet. Among its millions of customers, there are more than 50 companies that each process over $1 billion annually with Stripe. Of the 42 countries in which Stripe supports businesses today, 31 are in Europe. Many of the continent’s most exciting companies are using Stripe, including, for example, Allianz X portfolio company and digital bank N26.

“We’re investing a ton more in Europe this year,” said John Collison, President and co-founder of Stripe. “Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense.”

2020 was a year of further acceleration for Stripe’s enterprise business, as the company welcomed hundreds of large multinationals looking to scale and adapt to the increased pace of online commerce during the pandemic. In 2021, Stripe will increase the size of its Dublin headquarters and its European operations to meet the surge in demand coming from across the region.

Allianz X invests in digital frontrunners in ecosystems relevant to insurance and asset management. It has a portfolio of over 25 companies and AuM of more than 1.5 billion euros. Allianz X has counted 12 unicorns among its portfolio so far. The heart and brains behind it all are a talented team of around 40 people. As one of the pillars of the Allianz Group’s digital transformation strategy, Allianz X provides an interface between Allianz Operating Entities and the broader digital ecosystem, enabling collaborative partnerships in insurtech, fintech, and beyond. As an investor, Allianz X supports mature digital growth companies to take the next bold leap and realize their full potential. Keep up with the latest at Allianz X on Medium, LinkedIn, and X (formerly Twitter)
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.

About Stripe

Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new start-ups to public companies like Salesforce and Zoom Video Communications—use Stripe’s software to accept online payments and run technically sophisticated financial operations in more than 100 countries. Stripe helps new companies get started and grow their revenues, and established businesses accelerate into new markets and launch new business models. Over the long term, Stripe aims to increase the GDP of the internet.

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Gregor Wills
Allianz X
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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