Stripe-Backed Tempo Raises $500M Series A at $5B Valuation

Deal Summary

Tempo, a payments-focused blockchain developed by Stripe and Paradigm, raised $500 million in a Series A round led by Thrive Capital and Greenoaks, valuing the company at $5 billion. Additional participants included Sequoia, Ribbit Capital, and SV Angel; Stripe and Paradigm did not contribute capital.