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Payments Startup Stripe Raises $70 Million at $3.5 Billion Valuation

Stripe, a payments startup that in the past year landed partnerships with Apple, Twitter and Facebook, has raised a $70 million investment at a valuation of $3.5 billion. New investor Thrive Capital joined existing investors Sequoia Capital, General Catalyst, Founders Fund and Khosla Ventures in the round. The $3.5 billion valuation is double the $1.75 billion valuation Stripe received when it raised $80 million earlier this year. The Financial Times first reported the news.

This article originally appeared on Recode.net.