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Home Fintech

Stripe, the global digital payments firm, has opened a new office in Dubai

Tech Gist Africa by Tech Gist Africa
04/07/2021
in Fintech, News, News - Middle East And North Africa, Payment, Startups
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Stripe Dubai office

Stripe Dubai office

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Stripe, the digital payments firm, announced the opening of an office in Dubai, the financial capital of the United Arab Emirates, on Tuesday, marking the company’s first foray into the Middle East.

Stripe, founded in 2010 by Irish brothers Patrick and John Collison, is used by over 50 businesses to collect payments and bill customers, with each company processing over $1 billion annually.

Google, Uber, Amazon, and the shipping company Maersk are among the companies that use the payment service.

Stripe states that many businesses in the UAE are already using its services, including gym management software GloFox and online food ordering platform ChatFood.

It announced that it would join the market in collaboration with Network International, a payments processor based in Dubai.

Stripe’s market capitalization soared to $95 billion last month after the company raised money to capitalize on the e-commerce boom.

Read More on Tech Gist Africa:

Stripe’s valuation has risen to $95 billion after a $600 million funding round.

Flutterwave and Paypal have teamed up to make it easier for African businesses to accept and make payments.

Stripe Acquires Paystack to Accelerate Online Commerce across Africa  

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