Thursday April 9, 2020

Benefitting from Trump - Stripe's new $9bn valuation is no shock

Limerick-born Collison brothers firm raises €150m after US election saw Stripe gain from campaign fund processing

25th November, 2016

On the surface, the two Irish brothers behind Stripe, the now-global payments processing company, were unlikely benefactors of a volatile US election season.

But in the final weeks of the election campaign, their company was one of the top sources of expenditure for Donald Trump’s campaign – something that netted it almost $940,000 (€877,396) in online payment processing fees, according to data compiled by the Center for Responsive Politics.

That figure, however, was dwarfed...

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