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

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