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May 27, 2020

Stripe rolls out services in five more European countries

Online payments company Stripe has decided to expand its business in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta in Europe.

Stripe, which was created by Limerick brothers Patrick and John Collison, now operates in 39 countries globally, of which, 29 are in Europe.

The move comes after the firm raised $600m in venture funding a few weeks ago, which brings the company’s valuation to nearly $36bn.

The latest expansion is being led by Stripe’s engineering hub in Ireland which employs 320 people.

Stripe Europe, Middle East and Africa business lead Matt Henderson said: “We are excited about bringing Stripe to even more European countries, making payment acceptance and money movement faster and less complicated for everyone.

“We are nearing our goal of making Stripe universally available to businesses across the continent.”

Under its expansion plans, Stripe aims to offer its clients with access to Stripe Connect for running multi-sided marketplaces, billing for subscriptions and recurring payments, radar for fraud detection and Sigma for analytics.

Recently, the company also forayed into the US, to offer its credit card named Stripe Card and Stripe Capital, a small business lending service.

Stripe co-founder John Collision added: “People who never dreamt of using the internet to see the doctor or buy groceries are now doing so out of necessity.

“And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight.”

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