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Stripe鈥檚 Valuation Stretches To $35B With New $250M Investment

Payment processing startup raised $250 million in a new round of funding, bringing the company鈥檚 valuation to $35 billion, . The company鈥檚 CEO commented on the news , saying that there is 鈥渕ore in the works,鈥 and that the 鈥淸I]nternet economy is still in its early innings.鈥

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Stripe, based in San Francisco, powers the payments tech behind a chunk of digital companies; the company anticipates lots more digital commerce that may flow through its payments technology.

, and were investors in the round, WSJ reported. The new round brings Stripe鈥檚 total funding to more than , according to 附近上门.

Stripe last raised funding in January, when in a second investment. was the lead investor on the round.

Stripe was last privately valued at $22.5 billion, according to 附近上门, and its new valuation has it surpassing unicorns like , , and .

The company, which was founded in 2010, makes software for companies to accept online payments.

Stripe鈥檚 new round comes at an interesting time. While many unicorns are heading for exits in the public markets, the payments company is doubling-down on staying private. It certainly doesn鈥檛 lack access to capital. But, the firm could run the risk of missing an attractive IPO climate if the economy changes for the worse while it deploys its new, privately-sourced investment.

Among the Silicon Valley chattering classes, Stripe is considered to be a unicorn that is abnormally healthy. Provided that the company invests its new capital in a similar fashion, we could see the firm file in the second half of 2020. Not sooner, we can鈥檛 imagine.

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