San Francisco-based Stripe has closed an $80 million Series C financing round at a reported $1.75 billion valuation. According to TechCrunch, the round was led by Founders Fund with Khosla also joining as a new investor and earlier investors also participating.
Founded by brothers Patrick and John Collison, Stripe set out to be a "developer-friendly way to accept payments online and in mobile apps" and differentiates itself from other payment service providers by emphasizing its "robust, clean APIs" that appeal to other developers needing to quickly implement payments solutions.
Last week Re/Code.net reported that " Stripe was nearing a deal with Twitter that would enable people to purchase products directly from tweets" - although to date there's been no official announcement of such a relationship.
As a reminder, Braintree was acquired by PayPal last month and was valued at $800 MM.