03:12 PM EDT, 03/13/2024 (MT Newswires) -- Stripe has no plans of going public any time soon, the Financial Times reported Wednesday, citing company co-founder John Collison.

"We're not in a rush," Collison said in an interview, according to the FT. "Businesses which are profitable have many, many more options than businesses which are dependent on outside capital."

The payments company, which raised $6.5 billion in venture capital funding last year, had a private market valuation of $65 billion last month after its cash flow turned positive, the report said. That compared with a $50 billion valuation last year and $95 billion in 2021, the FT said.

Stripe did not immediately respond to a request for comment by MT Newswires.

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