Sequoia Capital Offers Liquidity to LPs in Stripe Investments

In a significant move, Sequoia Capital has reached out to its limited partners (LPs) from funds raised between 2009 and 2011, proposing to buy up to $861 million worth of shares in Stripe. This initiative not only highlights Sequoia's confidence in Stripe's future but also suggests a strategic belief in the potential for lucrative exits that will benefit investors. The venture firm’s actions indicate a strong commitment to ensuring liquidity for its investors amid a dynamic market landscape. The Latin American fintech sector continues to draw investor interest, with notable developments including CloudWalk reportedly raising up to $400 million at a valuation exceeding $4 billion. Meanwhile, Caliza has successfully secured $8.5 million to facilitate real-time money transfers in the region using crypto stablecoins, specifically Circle’s USDC. These investments underscore the growing momentum and innovation within the Latin American fintech ecosystem. In Africa, Nala, a remittance startup, has made headlines by raising $40 million in equity, marking one of the largest Series A funding rounds on the continent. This funding will enable Nala to expand its offerings with a new B2B payments platform, reflecting the increasing demand for diverse financial solutions in the region. In regulatory news, the European Union has accepted commitments from Apple regarding its Apple Pay operations, concluding a lengthy competition investigation. Apple is required to implement changes by July 25, allowing developers of competing mobile wallets to utilize the dominant NFC technology for contactless payments in the EU. This development could reshape the competitive landscape of mobile payments in Europe.