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Payments Company Valued at $5 Billion

Stripe, a California-based online payments company, has raised new investments which have raised the company valuation to $5 billion from $3.57 billion in December 2014. The funding was led by financial giant Visa and experts believe this is a huge endorsement for Stripe. The company had previously raised a total funding of $190 million from high-profile investors including PayPal co-founders, Sequoia Capital, Box CEO Aaron Levie, Khosla Ventures, Andreessen Horowitz and others. Stripe provides varied products to facilitate online and mobile payments. The company’s unified set of APIs and tools enables businesses to accept and manage online payments instantly. 

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