The Alphabet, Visa and American Express-backed payment and business management tool provider has added $100m from existing investor Tiger Global at a $22.5bn valuation.

Hedge fund manager Tiger Global Management has invested $100m in Stripe, a US-based payment technology producer backed by corporates Alphabet, Visa and American Express, The Information reported yesterday.

The funding was provided at a $22.5bn valuation, a person close to the company told The Information, adding that it will be used to support international growth. The deal increased the total raised by Stripe to $785m to date.

Founded in 2010, Stripe has built a mobile platform that enables online merchants…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.