European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Financial

Allianz X supports Stripe’s expansion in Europe

by Marie Weil
March 15, 2021
A A
Share on LinkedinShare on Twitter
  • Allianz X is a primary investor in Stripe’s latest $600 million funding round
  • Stripe builds economic infrastructure for the internet, enabling online payment processing for all kinds of businesses: from the smallest startups to the largest enterprises
  • Allianz X sees astounding growth and collaboration potential in Stripe and will support it in expanding its commitment to Europe

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.

Tags: < Invest

Related Industries

Financial

UBS to acquire Credit Suisse

March 20, 2023
Financial

Deutsche Post DHL Group and Poste Italiane announce a strategic partnership in the international parcel market

March 11, 2023
Financial

Choy van der Hooft-Cheong becomes new chair of Talent naar de Top

March 11, 2023
Financial

Joachim Aelvoet is the new Country Executive of ABN AMRO in Belgium

March 9, 2023
Financial

ABN AMRO Sustainable Impact Fund invests in Fairphone

February 25, 2023
Financial

Susann Mayhead appointed as Member of the Board of Management for Human Resources and Director of Labor Relations of Mercedes-Benz Mobility AG

February 16, 2023

Interview with Mr. Sébastien Huron, CEO, Virbac group

March 6, 2023

...

default

Voith Hydro opens new center of competence for generator components

March 8, 2023

...

Carlsberg Group appoints new Chief Executive Officer

March 17, 2023

...

SGS Signs Agreement to Sell its Automotive Asset Assessment and Retail Network Services Operations to Macadam

March 3, 2023

...

Infineon and UMC extend automotive partnership with long-term agreement for 40nm eNVM microcontroller production

March 8, 2023

...

Choy van der Hooft-Cheong becomes new chair of Talent naar de Top

March 11, 2023

...

Yvonne Bettkober to be Head of Organizational Development and Transformation for the Volkswagen Group

March 7, 2023

...

UBS to acquire Credit Suisse

March 20, 2023

...

ABB invests in Direct Current microgrid start-up Direct Energy Partners to accelerate energy transformation

March 9, 2023

...

TÜV SÜD APPOINTS GERALD BACHLER AS NEW CEO OF THE CENTRAL & EASTERN EUROPE (CEE) REGION

March 2, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist