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Economy

Earning their stripes

Source: https://blog.linkup.com/data-seekers/2021/03/31/earning-their-stripes/

Stripe has soared past SpaceX and pushed past Instacart to become the most valuable startup in the country. Earlier in the month, the company announced a new $600 million round of funding that included investors like Sequoia Capital, Fidelity Management, and Ireland’s National Treasury Management Agency and puts Stripes current valuation at $95 billion. For those keeping track, the figure has nearly tripled since Stripe’s previous valuation of $36 billion last year.

With this most recent round of funding Stripe, which builds software that allows businesses to process payments online, has become the most valuable private company to come out of Silicon Valley–and it’s little wonder why. Thanks to the pandemic-spurred surge in online shopping, demand for mobile commerce has skyrocketed. The company’s high-profile customers include Amazon, Salesforce, Microsoft, Shopify, Uber, and Zoom, with at least 50 of these customers processing more than $1 billion on Stripe annually.

Stripe, which counts Square and PayPal among their competitors, said it will use this latest round of capital to invest in building more tools to help larger businesses handle payments, as well as to expand their presence in Europe. The company currently has headquarters in both San Francisco and Dublin.

Examining jobs data for Stripe, you can clearly see the company’s growth plans beginning to unfold. Average job listings remained below 100 from 2016 – 2019, and grew to 174 in 2020. Near the end of 2020 is when we begin to see a substantial spike, with listings growing 633% since Oct 8th.

Job growth is continuing its upward trajectory in 2021 as well, with an average of 677 listings so far this year. Following news of their current valuation, job listings hit 877 on March 22nd, 2021.

Stripe’s growth has made it one of the most widely anticipated initial public offering candidates of 2021, though it has yet to indicate whether they have plans to file. We will continue to monitor the company’s job listings to see what insight they might give us into the company’s growth strategy.

To learn more about the data behind this article and what LinkUp has to offer, visit https://www.linkup.com/data/.

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ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.