Payments facilitator Stripe has plans to open an engineering center in Dublin, Ireland, a site it chose due to the city’s growing technology presence, the company announced today.
Aside from an increased amount of technology companies, startups, and workers, the company’s headquarters for Europe is also located in Dublin. Stripe, valued at about $9 billion according to Reuters, was founded by two Irish brothers, though the company is headquartered in San Francisco.
Stripe CEO Patrick Collison (his brother John serves as president) noted that the uncertainty brought about by Brexit also weighed into the company’s decision to pick Dublin for the new center, which will focus on further development for Stripe’s core payments product, Reuters reported today.
Collison told Reuters:
This decision was certainly not made by Brexit, but certainly when we were evaluating all the different countries across Europe the uncertainty was a factor.
Read more at Reuters and TechCrunch.
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