Payments startup Stripe has brought on $70 million in new funding. The fast growing company will double its valuation less than a year after its last raise. The round brings the total amount Stripe has raised to more than $200 million.
With the new financing, Thrive Capital has joined Stripe’s list of investors, which also includes Sequoia, General Catalyst, Founders Fund, and Khosla Ventures. The company’s valuation is set to increase to $3.5 billion, which is up for $1.75 billion during its last round.