Wednesday 26 October 2016

Collison brothers scoop the 2015 Entrepreneur of the Year award

Published 23/10/2015 | 02:30

Patrick and John Collison
Patrick and John Collison

Limerick brothers John and Patrick Collison have been named as the EY Entrepreneurs of the Year 2015 at a glittering awards ceremony at the Citywest Hotel in Dublin.

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Still in their 20s, the pair co-founded California-based Stripe in 2010 with financial backing from technology sector heavyweights like PayPal founders Elon Musk and Peter Thiel.

The Collisons' online payments company is now tipped to become a global brand by making it easy and safe to process financial transactions from anywhere in the world.

Last night the brothers were selected as overall winners in this year's Entrepreneur of the Year awards from a shortlist of 24 emerging and established Irish business leaders, who between them employ 5,000 people and have a combined turnover of €1.5bn.

Prior to setting up Stripe, Patrick and John co-founded Auctomatic which they sold for $5m in 2008, when they were both still in their teens.

Patrick's latest award comes just 10 years after the then schoolboy was named Young Scientist of the Year in 2005.

The brothers now live and work in San Francisco, where Stripe, which has a staff of 200, is based.

UTV Ireland broadcast last night's event which was hosted by Hollywood actress Victoria Smurfit of the well-known business dynasty and Storyful founder Mark Little, who established that business after leaving RTE.

The prestigious business awards programme is divided into three categories - Emerging, Industry and International - with eight finalists chosen per category. The Stripe founders won both the International and overall awards which John Collison accepted.

The winners were chosen by a judging panel chaired by Anne Heraty, chief executive of CPL Resources, and one of 10 previous winners on the jury of 12.

The Collisons will go on to represent the island of Ireland at the World Entrepreneur of the Year event in Monte Carlo in 2016.

Irish Independent

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