Stripe cuts internal valuation by 11% - The Information

Stripe logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Digital payments firm Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63 billion, the Information reported on Wednesday.

It's at least the third time since June that Stripe has cut its internal valuation, following a smaller cut in October, and brings the total reduction to about 40% in the past six months, according to the report, citing a person familiar with the matter.