Stripe to create ‘hundreds’ of software engineering jobs in Dublin

Stripe will create “hundreds” of highly skilled software engineering positions in Dublin over the next three years. The new roles come in addition to the more than 1,000 jobs announced by the company for its Irish operations in March.

Founded by Patrick and John Collison in 2010, the online payment company established an engineering center in Dublin three years ago, its first outside the United States. The Irish operation is considered to have exceeded expectations with new products, including the recently launched Stripe Tax solution, which was developed locally.

The new investment is supported by the state through IDA Ireland. Stripe would not be established on the exact number of engineering jobs to be created, but it is thought to number in the hundreds.

Founded in the United States, the payments company now has two headquarters in San Francisco and Dublin. In recent years, it has shifted away from Silicon Valley, with Dublin now seen internally as the default option for expansion.

The company, which employs more than 4,000 people, including 400 in Dublin, announced plans to significantly increase its workforce in the Republic earlier this year following a new fundraising of $ 600 million (500 million euros) with the participation of the Irish Strategic Investment Fund. He said at this point that he would create over 1,000 roles in a number of functions over the next five years.

The payment company’s solutions are currently deployed in 44 countries, including 31 in Europe.

“World leader in software”

“Ireland has become a world leader in software development, and the Stripe Engineering Center in Dublin has been extremely successful in creating new product features and expanding our international expansion. So it makes perfect sense for us to double down on Ireland as we expand our engineering presence in Europe, ”said Matt Henderson, EMEA Sales Manager at Stripe.

Although the company offers remote working options in the United States, it is believed that the new engineer roles will largely be office-based.

“Stripe is a leader in its industry and is growing rapidly at scale with clear ambitions for continued expansion. The opportunity to launch new approaches to the global money movement right here in Ireland will have a lasting and positive impact at home and abroad, ”said Martin Shanahan, Managing Director of IDA Ireland.

“The growth of the Stripe Engineering Center in Dublin will serve to further anchor Ireland as a recognized world leader in software, and the hundreds of new jobs created will make a significant contribution to the national economy,” he said. he adds.

Valued at $ 95 billion (€ 80 billion), Stripe is one of the most valuable private companies in the world. Its valuation has almost tripled since last year, in part thanks to a huge increase in the number of companies looking to use its products. In total, more than 300,000 new businesses started on the company’s platform during the Covid crisis.

Stripe was first declared a “unicorn” – a private company valued at over $ 1 billion – in 2014. The company handles hundreds of billions of dollars in transactions each year for its clients, which include well-known brands. such as Amazon, Uber, Google and Zoom.

Stripe Tax, which operates in more than 30 jurisdictions, including the Republic, is expected to be available in more countries, including Canada, the company said Thursday. The product, which launched in June, helps businesses calculate and collect taxes automatically. This is one of many solutions that Stripe has developed over the years that aim to help them “increase Internet GDP”.

Although Stripe has raked the business, its founders claim that only a small fraction of financial transactions are currently done online.

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Gordon K. Morehouse