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Stripe has just processed its largest payment to date. The startup has closing a $245 million funding round at a valuation of $20 billion. Bloomberg first the news.

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Previously, Stripe was valued at $9 billion when it raised $150 million in late 2016.

The payments processor company, founded by and , now has $685 million in known capital raises, according to data .

The company counts , , , and major credit card providers and as investors, among 25 other known funding participants. Google, which is loosely attached to CapitalG through its parent company Alphabet, is among Stripe鈥檚 many customers.

So what could Stripe do with the money, even if it doesn鈥檛 really need it, as , a partner at Tiger Global, .

Presumably, Stripe will continue to have the funds to attract and onboard major companies such as Amazon. Enterprise customers at that size are not easy to acquire. Furthermore, Stripe now has more capital than ever to compete with similar products offered by PayPal, a public company that has a market cap of over $100 billion, according to Yahoo Finance. Stripe also competes with Square (also public) and Zuora to some degree (public).

Stripe has also announced new products that are tangential to easy online payment processing, such as simplifying the process of creating virtual cards and using machine learning to 鈥渄etect and block fraud,鈥� per the company鈥檚 website.

In addition to new products, Stripe has made seven known acquisitions, . Its latest acquisition, Index, a payments startup funded by former Google CEO Eric Schmidt, was announced in March of this year. A dollop of additional funding likely creates more opportunities to expand its portfolio of acquisitions.

And in general, VCs aren鈥檛 afraid to pour money into growth, of which Stripe has plenty of. For Stripe, this could鈥檝e just been a matter of grabbing the easy money while you still can. (Slack did something similar recently, for context, albeit at a lower valuation.)