The round could make the Alphabet, Visa, American Express and Sumitomo Mitsui Card Company-backed payment technology provider the world's second most valuable VC-backed private company.

Stripe, the US-headquartered digital payment processor backed by corporates Alphabet, Visa and American Express, has begun discussions over a funding round that could value it at up to $70bn, Bloomberg reported yesterday.

The figure will definitely be higher than the $36bn valuation at which the company last raised money, and could possibly reach $100bn, according to people familiar with the matter.

Founded in 2010, Stripe provides technology that allows users to digitally send and receive payments and manage their online…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.