Visa Invests in Stripe at $5 Billion Valuation and Strikes Commercial Deal, Too

Image source: Article

Image source: Article

Credit card companies think they have found an ally in the increasingly competitive world of online payments. Its name is Stripe.

Visa has inked a commercial agreement with the payments startup, and has separately made an investment in the San Francisco-based company that values it at $5 billion. The commercial agreement will see the two companies work closely on initiatives around payments security and new product innovation

Read the full article