Stripe, a mobile payment company, faces financing difficulties and its valuation falls to $50 billion

On the morning of March 1, Beijing time, according to The Information, people familiar with the matter said that Stripe, a US mobile payment company, has lowered its valuation by about 10% to about $50 billion, highlighting the challenges Stripe faces in completing the financing process.

While Stripe is still on track to complete the round, the company is now pricing per share at about $20, down from about $23 previously, the person familiar with the matter said.

A month ago, it was reported that Stripe was valued at between $55 billion and $60 billion, a big discount to Stripe's valuation of $95 billion when it last raised money in early 2021.

According to public information, Stripe was founded in 2011 to help large and small enterprises deal with online payments and commercial loans, and will automatically calculate and levy sales tax. The company remains the most valuable private fintech company in the United States, valued at $95 billion in the 2021 H round of financing and the fourth most valuable private company in the world, after byte jump, SpaceX and SHEIN.