World's most valuable startup Stripe to create 1,000 jobs in Ireland

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World's most valuable startup Stripe to create 1,000 jobs in Ireland

The cutting-edge security software Stripe Inc will add thousands of new engineers to Dublin over the next three years, the world's most valuable technology startup said on Tuesday.

The new roles are in addition to 1,000 jobs the company said it will create in Ireland over the next five years when Ireland's sovereign wealth fund was part of a financing round that lifted Stripe's valuation to $95 billion in March.

Founded by Irish brothers Patrick and John Collison in San Francisco, Stripe in 2018 created its first engineering center outside of the United States in the Irish capital where Facebook, Google and other tech giants have established their European headquarters.

Stripe's earlier job announcement contributed to employment growth among multinationals in Ireland returning to pre-coronavirus Pandemic levels in the first six months of 2021 in the recessionary economy.

Ireland's economy is hugely dependent on multinational firms, which employ around one in eight workers in the country.