Payment startup Stripe now a $20 billion company

Silicon Valley venture capitalist Reid Hoffman often says that his biggest investing whiff was passing on Stripe. As each year goes by, it’s becoming easier and easier to tell why missing out on the payments startup might sting so badly.
Stripe has just closed on $245 million in funding that ups its value from $9 billion to $20 billion, said co-founder and CEO Patrick Collison. Several large new customers have also been listed on Stripe’s website this week, including Google and Uber.
Though the funding round is modest by today’s frothy tech industry standards, the $20 billion figure places Stripe among an elite handful of the world’s most valuable private startups, including Airbnb, Palantir and Uber.