Stripe secures Irish e-money licence from the Central Bank

Brexit, Economy, Finance, Fintech | Mon 1 Apr | Author – Business & Finance
Stripe--Patrick-and-John-Collison
John and Patrick Collison

The payments firm will expand its engineering team in Dublin after securing licence

Payments firm Stripe, founded by brothers John and Patrick Collison, has secured an e-money licence from the Central Bank, which means Stripe can continue to process payments for users across Europe regardless of the outcome of Brexit negotiations.

While Brexit is a concern for the company, the company says that its plans to expand locally are what prompted the move.

Stripe is one of just a few companies to secure the ‘electronic money institution licence’ in recent years – others included Soldo, a London-based fintech, and Facebook which received its licence in 2016.

Stripe’s Dublin office is their fastest-growing office in Europe, and their first international engineering hub with over 150 employees.