Payments giant Stripe is raising another $250M at a $35B pre-money valuation

Ingrid Lunden
Payments giant Stripe is raising another $250M at a $35B pre-money valuation

After a week of launching new services to bring payments giant Stripe into the areas of lending and credit, the company is announcing another big step forward to fuel its growth: it's raising another $250 million in funding at a pre-money valuation of $35 billion, money to fuel more international expansion, launching more products and targeting larger enterprise-sized businesses. This is a huge jump in valuation for the company: Stripe was valued at $22.5 billion earlier this year when it raised $100 million. "It was a big miss when SoftBank didn't invest two years ago," one source close to the VC said to TechCrunch.