American fintech firm Stripe is slowly becoming one of the most valuable companies in Silicon Valley, according to CNBC.
The San Francisco-based payments company announced an additional $250 million funding round on Thursday, bringing its valuation to a stagerring $35 billion.
Venture capital firms Sequoia, Andreessen Horowitz General Catalyst, among other investors, participated in the equity round.
The company makes software that allows businesses to accept payments over the internet. Stripe processes payments for a list of companies, including Airbnb, Lyft and Shopify.
Founded in 2010, Stripe was last valued at $22.5 billion after its last funding round.
It was founded by Irish brothers Patrick and John Collison. Chief Executive Officer (CEO) Patrick Collison announced on Twitter earlier this year that former Google Cloud CEO Diane Greene was being added to the board.
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