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Fintech start-up Stripe enters the Middle East with UAE launch

Online payments company Stripe opens its first Middle East office in Dubai, in the United Arab Emirates.

  • One of Silicon Valley's most valuable private fintech companies has chosen Dubai for its first expansion into the Middle East and North Africa.
  • Stripe, started in 2010 by two brothers from Ireland, competes directly with PayPal, Adyen and Square.
  • Co-founders Patrick and John Collison, who are 32 and 30 respectively, are each worth over $11 billion. "The UAE has clearly got a booming digital economy," Henderson told CNBC.

CNBC.COM 8 Apr, 2021

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Kenneth Ho

Founder & Director @ BEAMSTART. Just launched a VC fund to accelerate awesome startups.

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