The online payments giant, founded by Irish brothers Patrick and John Collison is now valued at $95 billion after it secured an additional $600 million (€502 million) in investment.
The Irish State’s sovereign wealth fund called the Ireland Strategic Investment Fund (ISIF) was among the investors in Stripe. The investment fund is managed by the National Treasury Management Agency (NTMA).
Speaking after announcing the creation of over 1000 new jobs in Ireland, Stripe’s president John Collison said “We’re investing a ton more in Europe this year, particularly in Ireland”
“Ireland is now a leading tech capital of Europe, with great talent and companies emerging all the time, we’re keen to help cement that position.”
Stripe currently employs over 300 staff in it’s Dublin office which also acts as its international headquarters. Globally, they have over 3,000 staff across 14 different offices.
Commenting on the announcement of the new jobs Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar said “This is fantastic news on the jobs front and the start of a really welcome partnership between the Irish state and Stripe,”
“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.”