Stripe, a financial infrastructure platform, has opened a
new flagship office in Toronto. The decision highlights Toronto’s status as the
fourth-largest tech talent market in North America.

Stripe currently serves Canadian startups like
Workleap and Thinkific, as well as large enterprises such as Shopify, Enercare,
FreshBooks, and SkipTheDishes.

Stripe Supports Canadian Business Growth

Between 2021 and 2023, Stripe saw more than 50% growth in
payment volume from Canadian companies. This growth comes from thousands of
businesses joining Stripe daily, along with established companies using Stripe
to introduce new business models and revenue streams.

Shopify, a global
ecommerce platform, uses Stripe for several services, including Shopify
Payments, Shopify Balance, and in-person payments.

Over the past year, Stripe has introduced several products
to support Canadian business growth. Stripe Payments enables sales in over 195
countries with 135 currencies and 100 payment methods, with over half of
Canadian users selling cross-border.

“After more than a decade in Canada, we’re proud to
support many of the country’s most successful startups and enterprises, with
thousands more Canadian companies getting started with Stripe every day,” said
Matthew Burlak Head of Canada GTM at Stripe. “We’re looking
forward to growing our team and accelerating the success of even more Canadian
businesses.”

Recently, a
partnership was formed between Stripe and Zip, an Australian buy now, pay
later provider, as reported by Finance
Magnates.

This collaboration aims to provide online retailers with flexible
payment options through Stripe’s platform, enabling purchases to be divided
into four installments over six weeks.This partnership comes after Zip’s recent
collaborations with Mastercard and Google Pay.

New Office Hiring Positions

Tap to Pay on iPhone allows contactless payments using
Interac Debit without extra hardware. Amazon’s Just Walk Out technology
streamlines checkout at venues like Scotiabank Arena. Stripe Billing’s
usage-based billing helps businesses track and charge for customer usage
efficiently.

With the opening of its new Toronto office, Stripe is hiring
for roles in engineering, product management, sales, and design. The company
expects further expansion in the near future.

This article was written by Tareq Sikder at www.financemagnates.com.