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Patrick Collison (Co-Founder and CEO, Stripe) David Jensen

Stripe to create over 1,000 jobs in Ireland after $600 million investment

The company is now valued at $95 billion.

ONLINE PAYMENTS FIRM Stripe founded by Irish brothers Patrick and John Collison is to create more than 1,000 jobs in Ireland over the next five years. 

The announcement was made as Stripe raised $600m (€502) in funding that will be invested into its European operations, particularly its Dublin office. The company is now valued at $95 billion.

Among those who have contributed to the  funding round are the Ireland Strategic Investment Fund managed by the National Treasury Management Agency (NTMA), which will invest $50m.

“This is the start of a partnership with one of the most successful next generation companies in the world, as Stripe announces to the world today how important Ireland will be to its future,” said Conor O’Kelly, CEO of NTMA

“Stripe is already embedded in the infrastructure behind the largest secular trend of our time – the acceleration of digitisation and the growth of internet commerce.”

Also participating in the funding round was Allianz, Fidelity, Baillie Gifford, Axa and Sequoia Capital.

“This is fantastic news on the jobs front and the start of a really welcome partnership between the Irish state and Stripe,” said Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar.

“Over 1,000 new jobs will be created over the next 5 years. These are really good, well-paid, professional jobs and will be a real boost to the economy.”

Founded in 2010 by brothers Patrick and John Collison and launched a year later, the company counts Amazon, Google, Facebook and Deliveroo among its users. 

 

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    Mute Shane Hickey
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    Dec 18th 2017, 11:59 AM

    It’s not much of a hunt if they haven’t named him

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    Mute ChuckE
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    Dec 18th 2017, 12:12 PM

    @Shane Hickey: I’m sure they have a name but it’s probably best to keep it out of the media

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    Mute Shane O Mahony
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    Dec 18th 2017, 1:19 PM

    @Shane Hickey: according to local news over here the police have interviewed the Irish man who was the murdered woman’s x and he has been released without charge and they are now looking for a British man.

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    Mute Shane O Mahony
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    Dec 18th 2017, 1:27 PM
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    Mute Shane Cormican
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    Dec 18th 2017, 1:34 PM

    @Shane O Mahony: its always the Brits fault and we get blamed!

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    Mute Dave O Keeffe
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    Dec 18th 2017, 8:32 PM

    @Shane O Mahony: it’s really bad when I’m not sure which source has the wrong nationality for the deceased, yours or the journal!

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    Mute Misanthrope
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    Dec 18th 2017, 1:15 PM

    Where’s Veronica?

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    Mute Fiona Fitzgerald
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    Dec 18th 2017, 1:31 PM

    @Misanthrope: Wasn’t she hoping to get on a Ryanair flight? Probably still stuck in an airport, keeping a wary eye out for murderers fleeing the country.

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    Dec 18th 2017, 2:11 PM

    A 999 call ? – surely a 112 call

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    Dec 18th 2017, 8:32 PM

    @eastsmer: in Spain?

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    Mute Fiona Fitzgerald
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    Dec 19th 2017, 1:04 AM

    Only 46, and to have had only a couple of years there. RIP.

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