Payment processing company Stripe has reportedly secured $150 million in fresh funding at a $9.2 billion valuation, representing an almost 2x valuation jump from its previous venture round. Alphabet's growth investment arm CapitalG is said to have co-led the financing with General Catalyst Partners, while existing backer Sequoia participated. Stripe also received a credit line of up to $250 million from banks including J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays, per reports.
Founded in 2010, Stripe has raised north of $400 million in venture funding, which includes a round last July that reportedly valued the fintech startup at $5 billion. The company counts Founders Fund, Redpoint Ventures and Visa (NYSE: V) among its investors.