Thursday 8 December 2016

Stripe expands in Europe as 'social commerce' grows

Published 16/06/2015 | 02:30

John Collison, co-founder and president of Stripe Inc., speaks during a Bloomberg West Television interview during the Bloomberg Next Big Thing summit in Half Moon Bay, California, U.S., on Tuesday, June 18, 2013. The summit convenes investors and entrepreneurs in technology, science and data to examine the future of technology, business and how innovation is changing the human experience. Photographer: David Paul
John Collison, co-founder and president of Stripe Inc., speaks during a Bloomberg West Television interview during the Bloomberg Next Big Thing summit in Half Moon Bay, California, U.S., on Tuesday, June 18, 2013. The summit convenes investors and entrepreneurs in technology, science and data to examine the future of technology, business and how innovation is changing the human experience. Photographer: David Paul
Patrick Collison, chief executive officer and co-founder of Stripe Inc., stands for a photograph in San Francisco, California, U.S., on Friday, Mar. 2, 2012. Stripe Inc. is a new payment company that provides payment services software and solutions to process online credit and debit card payments. Photographer: David Paul

Stripe, the booming online payments startup set up by Limerick brothers Patrick and John Collison, has embarked on a major European expansion.

  • Go To

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

The move, which gives the company a presence in 20 countries including Ireland, will bolster Stripe's increasing dominance in emerging online payments industries.

The company now employs almost 250 people with most working in the firm's San Francisco headquarters.

And Mr Collison said that the company is set to add to its European presence over the next two years. "I think if you look at us in two years time, we'll have more European partners than we do today," he said.

"We're really excited about expanding more in Europe. We 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.

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

Its most recent financing round brought its overall funding to over €150m at a valuation of over €3bn.

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business