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Losses widen at Stripe Europe to $1.1B after employee 'liquidity event'

Payments giant, recently valued at $70bn, paid out millions to employee shareholders in March 2023

Earlier this week, Axios reported that Sequoia Capital has completed an $861 million purchase of shares in Stripe, a transaction that values the payments company at $70 billion. In July, the venture capital firm had offered to buy Stripe shares at $27.51 from limited partners in its funds, according to people familiar with the matter. Stripe, founded by Patrick (left) and John Collison, was recently valued at $70 billion after a venture capital firm in the US completed a share purchase.

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