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Singapore's GIC and Temasek join Stripe's $6.5bn fundraising

Payments giant looks to ASEAN for growth as valuation almost halves

The funding round values Stripe at around $50 billion, the company says, down from $95 billion in 2021. (Source photos by Reuters)

SINGAPORE -- Singaporean state-owned investors GIC and Temasek Holdings joined the latest $6.5 billion fundraising by Stripe, one of fintech's largest startups, at a valuation almost half of what it was at its peak.

The fund will allow the payment processing giant to cover billions of dollars of tax liability faced by some of its earliest employees so they can exercise options and cash out stakes in the company that would have otherwise expired in the coming months.

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