Stripe taps ex-Salesforce exec to lead UK arm

Incoming Stripe UK chief Max Roberts

Credit: Stripe/Stripe

Eileen O’Mara, Stripe’s EMEA revenue and growth lead, said that Mr Roberts will play a “critical role” in the company’s expansion over the coming years.

The company, described as Silicon Valley’s “most-valuable start-up”, is one of a handful of businesses that have thrived since the pandemic began.

Since early March, Stripe has processed more than $1bn (£800m) worth of payments for new customers. Forbes has suggested the private company could generate annual revenues of up to $3.4bn on $200bn worth of transactions.

Stripe also raised a further $600m in April as it looked to take advantage of the pandemic-induced trend of the “global economy pushing online”.

In an interview with the Telegraph in June, Matt Henderson, Stripe’s European business chief, backed London to remain as a global hub for fintech despite Brexit and the impact of the coronavirus.

“Brexit will continue to present uncertainties and complications, but many of the structural reasons for London’s emergence as a fintech hub will remain post-Brexit,” he said earlier in the year.