Payments startup Stripe seeks funding at US$70bil value

SAN FRANCISCO: Private financial technology business Stripe Inc is in talks to raise a new funding round valuing it higher than its last private valuation of US$36bil, according to people familiar with the matter.

The valuation being discussed could be more than US$70bil or significantly higher, at as much as US$100bil, said one of the people, who asked not be identified because the matter is private. That would make it currently the most valuable venture-backed startup in the US, according to CB Insights.