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THE ONLINE PAYMENTS company founded by two Limerick brothers has received a fresh investment of $70 million (€57 million), valuing the four-year-old start-up at $3.5 billion (€2.8 billion).
The Financial Times reports that Stripe has finished a fundraising round that shows a doubling in the valuation of the company since last January.
Back then, a $80 million (€65 million) injection saw the company valued at $1.75 billion (€1.4 billion).
John and Patrick Collison’s e-payments service Stripe is designed around making online credit card payments easier for developers.
The progress of the San Francisco-based firm has been followed very closely this year with significant announcements involving two of the internet’s biggest companies
Stripe has been working closely with Twitter as the site officially started testing its long-awaited function for users to buy products directly from their timeline.
Facebook is also going in a similar direction and has been testing its own Stripe-powered ‘Buy’ button.
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Fair play to the two of them!
Amen
Enterprise Ireland refused to back the Collison brothers when they were trying to get started promoting them to move overseas.
- Carlsberg don’t do overstaffed quangos full of wittering over-paid useless idiots, but if they did…..
Eh that’s not really true. It was a US based company with US staff focusing On the US market.
I’m sure there are lots of US companies enterprise Ireland could invest in. I’m not sure it should.
David that is simply not true, do your research and don’t make up ‘facts’
- The first door these guys knocked on was that of Enterprise Ireland who were too busy clapping each other on the backs cause off their made up jobs and fiddling their expenses to help out…..
Come home lads and buy Limerick football club. European football is what you both want ;)
Good for them promoting the Irish.
must contact those guys I have an idea for a payment system as well …
Tell us. Go on go on go on.
A point of sale cash till that recognises and checks all currencies and converts them to local currency …
no need for bureau de changes then –
A person can walk into a shop in Paris, Moscow or Johannesberg and use their own currency ….
What, like a credit card?
Awesome …
You could call it a credit card…
In your face Rob!!!! :p
Damn it. I’m sure the tills at the airports already check the currencies too.
cash is without service charge or commission – so no not like a credit card at all – Cash is King …. but sure work away with your misunderstanding being posted in public – what would I care ?
Haven’t been through an airport in a while – no 3 holidays a year for me – unlike Leo !
I work out of the country for more than 6 months of the year, so I see a lot of airports.
How would it make money? The shop owner would still need commission to change the currency at their local bank or else they would make a loss
but would he ? …… why should he pay a charge ? some banks offer free banking –
If a currency can fluctuate daily then why do we only have a budget once a year ?
Rob they already pay commission to the credit card company – loosing money there straight away …. why not let the business make the charge, if needed at point of sale ?
A scanning app on a phone could perform the same function …
Give it up there Dermot like a good fella. As mentioned, the bank will charge to change this money – they use a buy and a sell rate which are pitched above and below the mid rate – unless the shopkeeper has this info up to date, he will lose out, if he uses these rates, then it’s akin to charging the customer as they are not getting a true exchange rate.
Also, your idea would see is go back to carrying huge wads of cash with us when we go on holidays – that’s kind of retrograde.
A commission free credit card would be far easier but would never happen as no one would be making money out of that.
Any chance of a loan.
Wish I had an IQ of about 250….
Then you wouldn’t be human – about 200 is as high as it goes …watch LUCY – another classic fron Luc Besson
well maybe so, but I’d still love to be that smart that accomplishing anything is easy, no mater how complex it is in reality :)
smart is one thing – inventing things another – just think of a problem you have and then say how can I fix this lazily …. that’s the first step …
Lazily?
Did you really mean LAZILY?
“Progress isn’t made by early risers. It’s made by lazy men trying to find easier ways to do something.” Source: Robert Heinlein
Their Dad must have Golden Balls !
Golden or ginger?
have your say