CEO of Unicorn Stax Says She’ll Go Head to Head With Stripe

Fintech’s newest unicorn doesn’t hail from San Francisco, London or Singapore. Instead, it’s built a 10-figure valuation from central Florida.

Orlando-based Stax said in a statement Tuesday it has raised $245 million from investors Blue Star, Harbourvest and Greater Sum Ventures in its latest funding round, valuing it at more than $1 billion.

“We’re a unicorn. This is the first time I’m saying it out aloud,” Chief Executive Officer Suneera Madhani says in a video interview with Bloomberg News last week. To celebrate, the firm has planned mimosas and donuts, with unicorn-themed activities and games along with a DJ to ...