In a recent announcement, US financial-technology startup Stripe Inc. has revealed that it has raised $150 million in a new funding round - a Series D funding round - at a $9 billion valuation. The company's previous valuation, after a funding round in 2015 summer, was $5 billion.
The announcement of the new funding round implies that Stripe has further extended its lead as the most valuable financial-technology startup in the US.
Stripe Inc. -- founded in 2010 by Irish brothers Patrick and John Collison -- is a company which gives websites and apps the capability of incorporating payments services with the help of an API and a few lines of code. The software offered by Stripe is used by businesses for accepting as well as tracking digital payments.
With Stripe being one of the payment providers that take a cut on each transaction made on its platform, the company's announcement of its new $150 funding round comes in coincidence with the first days of the 2016 holiday shopping season, during which it can potentially make its biggest revenues of the year.
Meanwhile, in addition to the announcement of its latest funding round, Stripe has also revealed that it is getting up to $250 million in revolving credit facility secured with J.P. Morgan Chase & Co., Goldman Sachs Group Inc., Barclays PLC, and Morgan Stanley.