Electronic payment start-up Stripe is raising new funds, according to TechCrunch, sources with "direct knowledge of the talks" who say that Yuri Milner’s DST Global is one of the main investors involved in the deal.
It is unclear how much the company, which was co-founded by Irish brothers Patrick and John Collison, is hoping to raise, but all sources contacted by the tech site say that this is a "big" funding round.
One well-positioned source says that the figure could be $500m - this would raise the company's valuation to close to $5bn. Stripe has declined to comment on this speculation.
The company has enjoyed rapid growth and has a reputation for being developer friendly, easy to roll out, and offering strong customer support.
It has already raised $190m and attracted the attention of an impressive list of investors which includes PayPal co-founders Elon Musk and Peter Thiel and Box CEO Aaron Levie.
Stripe is also powering the buy buttons on Facebook and Twitter and it has signed a deal to provide support to China's Alipay, Alibaba's online payment system.
