Stripe Scales Up with New Toronto Office amid 50% Growth in Payment Volume

Stripe, a financial infrastructure platform, has opened a
new flagship office in Toronto. The decision highlights Toronto’s status as the
fourth-largest tech talent market in North America.

Stripe currently serves Canadian startups like
Workleap and Thinkific, as well as large enterprises such as Shopify, Enercare,
FreshBooks, and SkipTheDishes.

Stripe Supports Canadian Business Growth

Between 2021 and 2023, Stripe saw more than 50% growth in
payment volume from Canadian companies. This growth comes from thousands of
businesses joining Stripe daily, along with established companies using Stripe
to introduce new business models and revenue streams. Shopify, a global
ecommerce platform, uses Stripe for several services, including Shopify
Payments, Shopify Balance, and in-person payments.

Over the past year, Stripe has introduced several products
to support Canadian business growth. Stripe Payments enables sales in over 195
countries with 135 currencies and 100 payment methods, with over half of
Canadian users selling cross-border.

“After more than a decade in Canada, we’re proud to
support many of the country’s most successful startups and enterprises, with
thousands more Canadian companies getting started with Stripe every day,” said
Matthew Burlak head of Canada GTM at Stripe.

“We’re looking
forward to growing our team and accelerating the success of even more Canadian
businesses.”

New Office Hiring Positions

Tap to Pay on iPhone allows contactless payments using
Interac Debit without extra hardware. Amazon’s Just Walk Out technology
streamlines checkout at venues like Scotiabank Arena. Stripe Billing’s
usage-based billing helps businesses track and charge for customer usage
efficiently.

With the opening of its new Toronto office, Stripe is hiring
for roles in engineering, product management, sales, and design. The company
expects further expansion in the near future.

Stripe, a financial infrastructure platform, has opened a
new flagship office in Toronto. The decision highlights Toronto’s status as the
fourth-largest tech talent market in North America.

Stripe currently serves Canadian startups like
Workleap and Thinkific, as well as large enterprises such as Shopify, Enercare,
FreshBooks, and SkipTheDishes.

Stripe Supports Canadian Business Growth

Between 2021 and 2023, Stripe saw more than 50% growth in
payment volume from Canadian companies. This growth comes from thousands of
businesses joining Stripe daily, along with established companies using Stripe
to introduce new business models and revenue streams. Shopify, a global
ecommerce platform, uses Stripe for several services, including Shopify
Payments, Shopify Balance, and in-person payments.

Over the past year, Stripe has introduced several products
to support Canadian business growth. Stripe Payments enables sales in over 195
countries with 135 currencies and 100 payment methods, with over half of
Canadian users selling cross-border.

“After more than a decade in Canada, we’re proud to
support many of the country’s most successful startups and enterprises, with
thousands more Canadian companies getting started with Stripe every day,” said
Matthew Burlak head of Canada GTM at Stripe.

“We’re looking
forward to growing our team and accelerating the success of even more Canadian
businesses.”

New Office Hiring Positions

Tap to Pay on iPhone allows contactless payments using
Interac Debit without extra hardware. Amazon’s Just Walk Out technology
streamlines checkout at venues like Scotiabank Arena. Stripe Billing’s
usage-based billing helps businesses track and charge for customer usage
efficiently.

With the opening of its new Toronto office, Stripe is hiring
for roles in engineering, product management, sales, and design. The company
expects further expansion in the near future.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a Settlement There is a high probability that a settlement deal is being negotiated between the proprietary trading firm…

    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    US-based electronic trading platform Webull is among three companies that settled with the US securities regulator regarding suspicious activity reports that did not include important and required information. Webull Financial,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Russia’s claim of emissions in annexed Ukraine regions draws protests at COP29

    • November 23, 2024
    Russia’s claim of emissions in annexed Ukraine regions draws protests at COP29

    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    • November 23, 2024
    Weekly Brief: My Forex Funds Negotiating with CFTC?, Bitcoin Nears $100K, and More

    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    • November 22, 2024
    Oil prices settle up 1% at 2-week high as Ukraine war intensifies

    COP29 climate summit overruns as $250 billion draft deal stalls

    • November 22, 2024
    COP29 climate summit overruns as $250 billion draft deal stalls

    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Broker-Dealers for Compliance Failures

    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures

    • November 22, 2024
    SEC Fines Webull, Two Brokers-Dealers for Compliance Failures