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15th Mar 2021

Irish-American company Stripe to create 1,000 jobs in Ireland

Stephen Porzio

The move is said to be “a real boost” to Ireland’s economy.

Irish-American online payments company Stripe is set to create 1,000 new jobs in Ireland.

It comes as the firm raised €500 million in funding which will be used to invest in its European operations, including its Dublin headquarters, where the company currently employs around 300 workers.

Primary investors in Stripe’s latest financing included Ireland’s National Treasury Management Agency.

Tipperary-born entrepreneur brothers John and Patrick Collison founded Stripe in 2010, which is now valued at €80 billion.

In a statement, John Collision said: “We’re investing a ton more in Europe this year, particularly in Ireland.

“Whether in fintech, mobility, retail or SaaS, the growth opportunity for the European digital economy is immense.“

Irish politicians took to Twitter to comment on Stripe’s investment in Ireland, calling it “great news” for the country.

Taoiseach Micheál Martin wrote: “Great news that @stripe is to create 1000 extra jobs in Ireland over the next five years with an investment of €500m.

“A big vote of confidence in Ireland and cements our position as a global technology hub.”

Tánaiste Leo Varadkar added: “Really great news this evening. The Irish state is investing in @stripe, resulting in the creation of over 1,000 jobs over the next 5 years.

“These are really good, well-paid, professional jobs and will be a real boost to the economy.”