Digital payments giant Stripe’s value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk’s SpaceX as the most valuable U.S. startup.

Participants in the San Francisco- and Dublin-headquartered company’s latest financing, which raised $600 million, include units of Allianz SE, AXA SA, Baillie Gifford, Fidelity Management & Research Co, Sequoia Capital and Ireland’s sovereign wealth fund.

At $95 billion, Stripe is now more valuable than any bank in the euro zone.

As part of the $50 million invested by the Ireland Strategic Investment Fund, the country’s sovereign wealth fund, Stripe will add over 1,000 more jobs in the Collison brothers’ native country over the next five years.

Read more at Reuters