Stripe cuts valuation 11% to $63bn, reports suggest

The global payments processing giant, created by Limerick brothers Patrick and John Collison, told staffers in July that an internal valuation for the company dropped to about $74bn (€68bn), compared to the $95bn (€88bn) it received in its most recent fundraising.

Patrick and John Collison, co-founders of Stripe.

Stripe has reduced its internal valuation by about 11%, at least the third time since June that the US payments start-up has lowered its own view of its share price.

The Information reported, citing a person familiar with the matter.