FinTech Stripe has entered the Middle East as it launches in the UAE.
In Brief:
It’s opened its first Middle East office in Dubai.
This is set to be the start of its expansion across the Middle East and North Africa (MENA).
Stripe was founded in 2010 and its HQ is in San Francisco.
What does this mean?
Stripe has seen positive growth through the recent boom in digital payments; its latest funding round brought its valuation to $95bn. The business has said that not only does the Middle East offer a good opportunity for Stripe, there’s also huge opportunity for startups, which the FinTech supports.
