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Stripe now valued at $22.5 billion after latest funding round

Stripe, founded by Irish brothers John and Patrick Collison, is now worth $22.5 billion
Stripe, founded by Irish brothers John and Patrick Collison, is now worth $22.5 billion

Stripe, the US-based online payment services firm founded by Irish brothers John and Patrick Collison, has raised another $100m in funding. 

The extra injection of cash values the company at around $22.5 billion. 

It comes just months after the firm raised $245m in extra capital to drive its international expansion. 

The latest injection came from Tiger Global. 

Founded by the Collison brothers in 2010, Stripe initially built a service to enable businesses to sell and customers to buy easily online and is now live in 25 countries. 

However, in recent years it has expanded its operations into other areas including a service that helps businesses incorporate more easily called Atlas, businesses operations software called Sigma, an in-person payments service called Terminal and a fraud detection system called Radar. 

In February of last year, the company said  it was expanding its engineering team in Dublin, adding dozens of jobs to the 100 already there.

"Stripe is rapidly scaling internationally, as well as extending our platform into issuing, global fraud prevention, and physical stores with Stripe Terminal," a spokesperson with the company said. 

"The follow-on funding gives us more leverage in these strategic areas," the spokesperson added.

The company today announced said it had made new board appointments, including the appointment of Diane Greene, an American investor who is on the board of Google parent Alphabet.