Stripe launches in Middle East with new Dubai office

Company's rapid expansion continues following $95bn valuation

Patrick and John Collison, co-founders of Stripe, which employs 3,000 people across the world, including 300 in Dublin.

Digital payments giant Stripe is to open an office in United Arab Emirates' financial capital Dubai, its first expansion into the Middle East region.

Founded in 2010 by Limerick brothers Patrick and John Collison, Stripe is used by more than 50 companies, each processing more than $1bn annually to receive payments and bill customers.