Saturday 25 March 2017

Collison brothers' online payments firm Stripe in major European expansion

Adrian Weckler

Adrian Weckler

John Collison at TechCrunch Disrupt in New York. Inset: His brother, Patrick Collison. GETTY IMAGES/DECLAN MASTERSON
John Collison at TechCrunch Disrupt in New York. Inset: His brother, Patrick Collison. GETTY IMAGES/DECLAN MASTERSON

Stripe, the online payments firm started by Limerick brothers Patrick and John Collison, has embarked on a major European expansion.

Co-founder John Collison told Independent.ie that the company is launching in Sweden, Norway, Denmark and Finland.

The move is set to increase the company's presence outside the U.S. where it is fast becoming the dominant online payments platform for large segments of retail and industry.

"We're really excited about expanding more into Europe," Mr Collison said. "We really believe that we're just at the beginning. The barriers for businesses from payments are coming right down and we want to see more of it."

Mr Collison was speaking at MoneyConf, a financial technology conference in Belfast organised by the Web Summit, including founder Paddy Cosgrave.

The expansion now gives Stripe a presence in 20 countries worldwide, with more expected this year.

In Ireland, Stripe is used extensively by companies in the tech industry and other industries.

Stripe has recently linked up with social media firms Twitter, Facebook and Pinterest to help create new 'buy now' buttons on the social networking ites.

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