Stripe valuation soars to $95bn, businesses in the pandemic, private data use in the pandemic
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 15 March 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
The payments provider, Stripe, is now worth $95bn after its latest round of fundraising, and more than 4.4m Americans have created businesses during the pandemic. Plus, the FT’s innovation editor, John Thornhill, gives highlights from the latest episode of his Tech Tonic podcast, which looks at two countries where citizens have been comfortable with how their government used some of their private data during the pandemic.
Stripe valuation soars to $95bn after latest fundraising
https://www.ft.com/content/b9949a88-6c09-4de5-92e7-73994bb2b62f
The Covid entrepreneurs: Americans start millions of new businesses
https://www.ft.com/content/400ae372-0cb2-48bb-8767-7986848ed9a6
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Monday, March 15th, and this is your FT news briefing. |
| 0:08.7 | An online payments provider is now the most valuable private company in Silicon Valley, |
| 0:13.3 | and there's been a surge of new businesses created during COVID. |
| 0:17.0 | I truly believe that this was one of the silver linings of the pandemic. I feel like I have the |
| 0:22.8 | true entrepreneurial spirit. We'll look at why millions of Americans decided to set up shop |
| 0:28.3 | this past year. Plus, we'll have a sneak peek at the latest episode of the FT podcast |
| 0:33.0 | Technonic. Host John Thornhill looks at how Taiwan and South Korea deployed new technologies |
| 0:38.4 | to stop the spread of coronavirus. I'm Mark Filipino, and here's the news you need to start your day. |
| 0:46.8 | The e-commerce boom has been good for Stripe. The online payments processor has just become |
| 0:52.4 | Silicon Valley's most valuable private company. It's now worth $95 billion after the latest |
| 0:58.5 | round of investor fundraising. Stripe was founded by two Irish brothers, Patrick and John |
| 1:03.4 | Collison, now 32 and 30 years old. Their company's valuation has almost tripled in less than a year. |
| 1:09.7 | It's now more than Facebook and Uber were before they went public. Since the start of the pandemic, |
| 1:14.6 | more than 200,000 new companies in Europe have signed up for Stripe's platform, |
| 1:19.1 | co-founder John Collison said its systems handled almost 5,000 requests a second last year. |
| 1:25.6 | That's right, almost 5,000 requests a second, and those included payments, refunds, and customer |
| 1:31.3 | data checks. The pandemic has devastated other businesses, besides Stripe, but it turns out |
| 1:42.0 | lockdown has been good for the American entrepreneurial spirit. New data from the US Census Bureau |
| 1:47.1 | shows nearly 4.5 billion new businesses were created since last March. Here's one of the people |
| 1:52.6 | who started one. Are you feeling emotionally angry? Eat a therapy snack with me, Molly Zive. |
| 1:59.9 | I'm a licensed clinical social worker, just like snacks. Molly Zive's podcast is called |
| 2:05.5 | Therapy Snacks. It's part of her strategy for a larger business that she's doing now. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.