In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors.

The development comes in the wake of the company reporting that it plans on a funding round which values it more than $100 billion.

“Regulated in multiple jurisdictions and partnering with several dozen financial institutions around the world, Stripe will benefit from Mark Carney’s extensive experience of global financial systems and governance”, said the company on Sunday.

According to a senior executive from Stripe, the company plans on expand across Asia, including India, Japan and China.

Stripe offers products that allow merchants to accept digital payments from customers and a range of business banking services.

Earlier this year in April, it raised $600 million in an extension of a Series G funding round which valued it at $36 billion.

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