Jack Ma just saw his Chinese online payment platform get much bigger.

Ant Financial Services, a spin-off of e-commerce giant Alibaba, announced Friday that it raised $14 billion in a Series C equity financing round. The fundraising is said to be the largest ever for a private company.

With this latest financing round, Ant is worth $150 billion, according to multiple media reports, citing sources.

Put another way, the Chinese payments giant is worth more than two Goldman Sachs, as the Lloyd Blankfein-led investment bank has a market capitalization of $88 billion.

Ant will be using its fresh capital infusion to accelerate plans to deliver financial services to the unbanked and underbanked, the company said in a statement Friday.

“We will continue to invest in technology and innovation in order to serve unmet financial needs of people everywhere and to enable them to benefit from the development of the digital economy,” Eric Jing, chairman and chief executive of Ant, said.

The fundraising round was done in two tranches: a Chinese yuan tranche comprised mostly of existing investors and a US dollar tranche with investments from Warburg Pincus, T.Rowe Price and The Carlyle Group, among others.

“We are pleased to welcome these investors as partners, who share our vision and mission,” Jing said.