Stripe, the online payments company founded by the Limerick-born Collison brothers, has raised $245 million in a new funding round. Other participants in the latest funding round included DST Global and Sequoia. Among the other backers of Stripe are Visa, American Express, Peter Thiel and Tesla founder Elon Musk. “Better global payments infrastructure will increase economic output, encourage entrepreneurship, and help upstarts compete with incumbents,” said Mr Collison. Stripe started off securing small clients but now counts companies such as Macy’s, GE, Adidas, Docusign, Slack, Nasdaq and the NFL among its customers.

Source: The Irish Times September 26, 2018 19:05 UTC