techcrunch.com – Payment processing company Stripe is now valued $5 billion following its latest round of financing. Beyond adding more money to its coffers, the five-year-old company inked a deal with Visa which will see the duo work together on a range of projects, including digital transactions and security.
Investors that participated in this round included KPCB, Visa, Amex and Sequoia. Stripe didn’t confirm exactly how much money it raised — other than that it is below $100 million — but its new valuation represents a large jump on the $3.5 billion valuation it held when it closed its most recent $70 million round in December. (That valuation, incidentally, was double its previous one.)
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