A financial services startup, Stripe, has raised a new Series E investment round worth $245 million.

The company provides an online platform for its customers which provides a variety of banking-related services including debit and credit cards as well as other billing options. Stripe has also developed partnerships with other similar companies including Alipay and WeChatPay, as reported by Reuters.

Founded in 2010 in San Francisco by John and Patrick Collision, Stripe has established a presence in 25 countries all over the world.

“We think this investment will be helpful as we continue to march upmarket and serve these larger companies,” John Collision said, as reported by Reuters.

The new investment will be put toward the company’s products, services and international expansion plans, with specific plans to expand to Southeast Asia and India.

Investors in the round include Tiger Global Management, DST Global and Sequoia. The company, which is now worth $20.25 billion, will also be opening a centre in Singapore, solely for engineering, according to the startup.

Customers of Stripe include Uber, Google and Spotify.

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