Allianz X, Allianz’s affiliate investing in technological businesses, is one of six primary investors in financial servicer Stripe’s $600m funding round.
Stripe offers payment processing software for websites and mobile applications and is used by large companies, including Deliveroo, Monzo, and Waitrose. Launched 10 years ago, it is a unicorn – privately held start-ups valued at over $1bn – as it is valued at $95bn as at 2020.
Some other primary investors included AXA and Ireland’s National Treasury Management Agency.
“This is our first investment in the company, and it leaves the door open for a lot of complementary business opportunities in the future,” a spokesperson told Insurance Asset Risk, adding that within the group, Allianz Partners USA already uses Stripe’s services.