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03rd Sep 2013

Success story for Irish innovation as Stripe launches in Ireland

Stripe has made a huge impact Stateside, but the Irish developers behind the business have finally launched it back home

JOE

Stripe has made a huge impact Stateside, but the Irish developers behind the business have finally launched it back home

It’s often said that Ireland has a great bunch of entrepreneurs and some promising talent that can really do something on a global scale. Stripe, a new e-commerce tool for online payments, is a great example that this is true.

Stripe was founded Patrick (pictured above with Mark Zuckerberg) and John Collison, who won the BT Young Scientist competition in their schoolboy days, and it seems that the two have continued to get better and better with age.

The business handles payments and can be used as an alternative to systems like PayPal, promising to make setting up online payment much more hassle free and quick. It already has thousands of clients, from small startup companies to huge businesses like Wal-Mart, as well as tech and online businesses like Reddit and Foursquare.

The brothers told the Irish Independent that they are committed to growing the business rather than selling it, despite having their company valued at nearly €500 million recently, and have opened an office in London. They hope to continue to expand into Europe and bring the company to more countries outside the US, which is hugely impressive considering that the business isn’t even two years old yet.

Today, they’ve launched officially in Ireland, making their service available to Irish companies after some beta testing here. There are no setup fees for the service, no monthly fees, no card storage fees, no hidden costs and they state that you only get charged when you earn money.

You can check out the Stripe website here to learn more about the service, or follow the lads on Twitter.

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