Wednesday February 26, 2020

Earning its Stripe

How a Limerick online payment start-up became one of the world’s most valuable companies

30th September, 2018
John Collison, president, and Patrick Collison, chief executive, Stripe Picture: Bloomberg

The famed Silicon Valley venture capitalist Reid Hoffman often says that his biggest investing mistake was passing on Stripe Inc. As each year ticks by, it’s becoming easier and easier to tell why missing out on the payments start-up might sting so badly.

Stripe last week closed a $245 million (€210 million) funding round that ups its value from $9 billion to $20 billion, said co-founder and chief executive Patrick Collison. Several large...

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