ISSUE – Nov. 25 | Stripe’s Valuation Nearly Doubles to $9.2 Billion

The most valuable U.S. financial technology startup is extending its lead. Stripe Inc., whose software is used by businesses to accept and track digital payments, will be valued at $9.2 billion in a new funding round that is being completed, the company said. That valuation, which includes roughly $150 million in new cash being raised, nearly doubles the privately held company’s $5 billion price tag in a July 2015 round. Stripe was already valued higher than other U.S. “fintech” startups such as Social Finance Inc. and Betterment Inc.