Stripe raised $70 million in funding this week according to the Financial Times, which said the company is now valued at $3.5 billion.
“It follows an $80m fundraising in January that valued the company at $1.75bn and will help with expanding into more countries and new areas of online commerce.”
Recently one of Stripe’s investors, General Catalyst, created the GC Stripe Platform Fundto invest $10 million in venture capital for businesses and applications built on the Stripe Connect platform to help in the creation of some “killer apps” for the online payment service.
EcommerceBytes profiled Stripe in January in which company cofounder and president John Collison explained merchants liked Stripe for the control it provides them.