A Dublin-based unit of the Collison brothers-led Stripe last year recorded weekly revenues of $43.37 million (€45.14 million).
New accounts filed by Stripe Payments International Holdings Ltd show the online payments business enjoyed a 66 per cent increase in revenues rising from $1.358 billion to a record $2.255 billion last year.
The firm is the holding company for Stripe sales in the European Middle East and Africa (EMEA) region along with the Asia Pacific (APAC) region.
Pre-tax losses reduced sharply at the Stripe unit declining by 84 per cent from $135.5 million to $22.12 million last year.
The directors describe Stripe as an “Irish-American technology group” and state that at Stripe Payments International Holdings Ltd “turnover and the associated cost of sales have increased due to growth in business from existing users, expansion into new markets, launching new products in the region, and an increase in user adoption in existing markets.”
They state that “in addition, the increase in cost of sales is also driven by research and development costs”.
Founded in 2010 by Patrick and John Collison, Stripe was first declared a "unicorn" – a privately-owned company that is valued at more than $1 billion – in 2014.
Today, 34-year-old Patrick Collison is Stripe CEO with brother, 32-year-old John in the role of company President.
Forbes estimates that Patrick and John each has a net worth of $9.5 billion.
Numbers employed by Stripe across the EMEA and APAC regions last year increased from 569 to 1,048.
A breakdown of the numbers employed show that 359 were employed in administration, 328 in sales, 228 in engineering and 133 in user operations.
