Payment Provider Stripe Raises $150 Million

 

Digital payments provider Stripe has raised an additional $150 million according to The Wall Street Journal, giving the company a valuation of $9.2 billion.

The funding was co-led by CapitalG (formerly Google Capital), the investing arm of Alphabet Inc., and General Catalyst Partners. Other investors include Sequoia Capital.

Stripe, based in San Francisco, has also received a credit line from banks including J.P. Morgan Chase., Goldman Sachs, Morgan Stanley and Barclays PLC.

The company has raised more than $460 million to date. The new round of funding will be used to acquire other companies and expand internationally.