#PayTech / Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion… That would make it currently the most valuable venture-backed startup in the U.S. …

Stripe’s software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. According to its website, Stripe’s customers include Amazon.com Inc., Salesforce.com Inc., Lyft Inc. and Instacart Inc.

Irish brothers John and Patrick Collison founded Stripe in 2010. The duo sold their first company for $5 million when they were teenagers and are now worth about $4.3 billion each… General Motors Co. veteran Dhivya Suryadevara joined Stripe as chief financial officer this year.

Stripe is already well-capitalized, but a new round of financing could help it continue to scale as a private company. In April, the San Francisco-based company raised $600 million from investors including Andreessen Horowitz and Sequoia Capital at a valuation of $36 billion.