The big news: Payments giant Stripe announced a tender offer for employees that valued the company at $91.5 billion, nearing its peak value of $95 billion in 2021. Stripe President John Collison told CNBC that the company was “not dogmatic on the public vs. private question,” and has “no near-term IPO plans.”
On the move: Worldline, a payments technology company, appointed Pierre-Antoine Vacheron as Chief Executive Officer, succeeding interim CEO Marc-Henri Desportes. Vacheron, an industry veteran of more than 30 years, was most recently CEO of Payments of Group BPCE, where he focused on product innovation.
The buzz: Global payments company Flywire has acquired Sertifi, a vertical software and payments platform digitizing hospitality-specific workflows and associated payments, for $330 million. Sertifi’s SaaS platform allows the hotel and hospitality industry to securely sign contracts, exchange payment details, and complete payments with their customers.
On the rise: Digital financial advisor company Betterment announced that it had purchased the automated investing business of Ellevest, a financial planning and wealth management company aimed at high-net worth women. Betterment will not take on Ellevest’s employees, technology, or operations, according to reports.
What’s next: Mass Affluent-targeting Monument Bank is reportedly looking for a £200M Series C round as it prepares for a 2027 NASDAQ IPO. It also partnered with Firenze, an investment-backed lending company, to which it committed £160M.
