Payments company Stripe has raised $1.1 billion in a new funding round that values the firm at $70 billion, according to a filing with the U.S. Securities and Exchange Commission. The disclosure points to continued investor confidence in one of the most prominent private companies in the financial technology sector.

The latest round adds fresh capital to a business that powers online payments for millions of merchants and developers worldwide. While the filing did not provide a detailed breakdown of the investors involved, the valuation underscores Stripe’s strong position as digital commerce and payment infrastructure remain central to the global economy.

Stripe has long been viewed as a key player in online payments, competing with a range of financial technology firms as companies seek faster, more flexible ways to move money. The new funding also suggests that private markets still see room for growth in firms with large-scale payment networks and recurring enterprise demand.

The company’s latest valuation places it among the most valuable private technology firms in the United States, reflecting both its scale and the continued appetite for fintech assets with established revenue streams and broad customer reach.