Stripe picks Dublin as base for its first manufacturing hub outside of the US

By Johan De Mulder

Fast-growing fintech Stripe will build its first manufacturing centre outside of the United States in Dublin.

The online payments company, whose clients include the likes of ASOS and Deliveroo, will construct the hub in Ireland's capital city, also the site of its European headquarters.

Also the home nation of Stripe's co-founders, Ireland has become one of the continent's centres of technology innovation with leading tech firms such as Apple and Facebook having strong links to the country.

See also:


"Ireland has had a consistent approach of being outward looking and globally minded," CEO Patrick Collison told Reuters. "Dublin is our first engineering office outside of North America but over time I think Stripe will continue to become an increasingly global organization."

Stripe, founded in 2010, currently has over 100,000 customers in 25 countries around the world and was valued at over $9bn at its most recent funding round.

Based in San Francisco, it recently halted its support for payments using the cryptocurrency Bitcoin due to an increase in transaction times and fees.

Share

Featured Articles

Dubai debate on Future of Cloud Security in the Middle East

Survey and roundtable on The Future of Cloud Security in the Middle East to examine cloud adoption and security readiness in the region

Saudi to rival Silicon Valley with US$9bn tech investments

Saudi Arabia announces US$9bn investments in future tech amid unprecedented growth in digital economy – Microsoft, Oracle, Huawei, Zoom all big spenders

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

Digital Strategy

PwC’s survey shows Middle East CEOs remain upbeat on growth

Leadership & Strategy

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy