Payments company Stripe is raising fresh capital through a tender offer that values the private firm at $70 billion, according to people familiar with the transaction. The deal includes both new and existing investors and underscores continued demand for large, fast-growing technology companies.

The valuation is the latest sign that investors remain willing to back top-tier private fintech firms despite a more cautious funding environment. Tender offers also give employees and early backers a chance to sell shares without waiting for an exit through an initial public offering.

Stripe, which processes online payments for businesses around the world, has long been one of the most closely watched names in private markets. A valuation at this level suggests the company continues to command strong confidence from investors as it expands its business and navigates a competitive payments landscape.

The terms of the transaction were not fully disclosed, and the company has not publicly detailed the size of the capital raise. Still, the deal reflects a broader revival of interest in mature private tech companies seen as leaders in their sectors.