Payments startup Stripe expands global footprint

Wednesday 7 August 2019 10:05 CET | News

US-based payments startup Stripe has expanded its global footprint with a new office in Latin America.

Stripe announced the opening of an office in Mexico City to capitalise on the mobile-payment and e-commerce growth in the region. According to CNBC, the company plans to work with newer startups in South and Latin America, as well as incumbent partners like Visa, Mastercard, American Express, and CitiBank.

Stripe’s investors include Tiger Global, Andreessen Horowitz, Peter Thiel, Elon Musk, Google’s venture arm Capital G, Sequoia Capital, and Kleiner Perkins. The company already operates in 34 countries and has engineering hubs in San Francisco, Seattle, Dublin, and Singapore. In 2019, it expanded into Estonia, Poland, Greece, Lithuania, Latvia, and Malaysia.

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Keywords: Stripe, payments, startup, Mexico, Latin America
Countries: World