Stripe chooses Dubai for its first expansion into the Middle East and North Africa.

Silicon Valley’s private fintech companies, Stripe, open its first Middle East office in Dubai, in the United Arab Emirates.

Inclusion Times
Inclusion Times

Weeks after Stripe's latest funding round, which took the company's worth to $95 billion, the Silicon Valley fintech company has chosen Dubai for its first expansion into the Middle East and North Africa.


Stripe, founded in 2010 by Irish brothers Patrick and John Collison, is used by more than 50 companies, with each company averaging transactions worth over a billion dollars. Companies using the payment platform include Google, Uber, Amazon and Maersk.

Patrick and John Collison co-founder of Stripe


The case is not different in UAE. Several companies are already using its services, the company said. Some of which include gym management software GloFox and ChatFood, the online food ordering platform.


The company revealed that it was venturing into the market in partnership with Dubai-based payments processor Network International.

UAE in focus

Population: 9,770, 529 (2019)

GDP: $421.142 billion (2019)

GDP per capita: $43,000

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