Stripe brothers pledge to create 1,000 jobs in Ireland as valuation soars to €80bn

The Collison brothers - Patrick and John - founded the mobile payments tech company Stripe.

Global payments giant Stripe — set up only a decade ago by Limerick brothers Patrick and John Collison — has pledged to create 1,000 jobs in Ireland after becoming Silicon Valley’s wealthiest private firm on foot of a $600m funding round that values the startup at $95bn (€80bn).

In a further twist, the Government’s Ireland Strategic Investment Fund helped lead the latest funding round, along with private investors Allianz V, Baillie Gifford, Fidelity, and Sequoia Capital.