Payments company Stripe has raised $6.5 billion in fresh capital at a $70 billion valuation, according to Reuters. The financing marks one of the largest private-market fundraises of the year and signals continued investor confidence in the Dublin-founded company.

The new round comes as Stripe weighs a public listing, with Reuters reporting that the company plans to move toward an IPO in 2026. A filing could arrive later this year, though the timeline may still change depending on market conditions and the company’s internal plans.

Stripe has remained one of the most closely watched private technology firms because of its scale in online payments and its long-running status as a market leader without a stock-market debut. The latest round gives it additional capital as it navigates a more cautious funding and listing environment.

The deal also reflects a broader rebound in investor interest in large private technology companies, especially those with strong revenue growth and established customer bases. For Stripe, the funding provides a runway as it prepares for a possible transition to public markets.