Stripe’s Tempo Blockchain Secures $500M Funding, Valued at $5 Billion
Stripe’s ambitious blockchain initiative, Tempo, has successfully raised $500 million in a Series A funding round, propelling its valuation to $5 billion. The investment round was led by prominent venture capital firms Greenoaks and Thrive Capital, with participation from Sequoia Capital, Ribbit Capital, and Ron Conway’s SV Angel. Notably, Stripe and Paradigm, the venture capital firm collaborating with Stripe on this project, did not add additional capital in this round, according to an individual familiar with the matter. Tempo represents Stripe’s first foray into developing a custom layer-1 blockchain, specifically designed with a focus on payment processing and financial applications.












