Connect with us

Hi, what are you looking for?


Mark Carney joins the board of digital payment firm Stripe

mark carney

Mark Carney, former head of the UK and Canadian central banks, has joined the board of US digital payments company Stripe Inc, days after the firm was reported to be planning a primary funding round valuing it at more than $100bn (£71bn).

“Regulated in multiple jurisdictions and partnering with several dozen financial institutions around the world, Stripe will benefit from Mark Carney‘s extensive experience of global financial systems and governance,” the company said on Sunday, confirming a report by the Sunday Times newspaper.

In a statement on the company’s website, Carney recognised the very nature of commerce has changed over the past decade, saying Stripe had been at the forefront of enabling the new digital economy.

“I look forward to supporting Stripe over the coming years as they build the global infrastructure that enables the internet to become the engine for strong and inclusive economic growth,” added Carney, who stepped down as governor of the Bank of England in March.

Forbes magazine reported on Wednesday that investors were valuing Stripe at $115bn.

A senior Stripe executive told Reuters in December that the company plans to expand across Asia, including in south-east Asia, Japan, China and India.

The company offers products that allow merchants to accept digital payments from customers and a range of business banking services.

Stripe raised $600m in April and was valued then at $36bn.

Consumer-facing fintechs have recorded a boost to their businesses during the Covid-19 pandemic, as people stay at home to avoid catching the virus and increasingly manage their finances online.

Carney, had a 13-year career at Wall Street bank Goldman Sachs in its London, Tokyo, New York and Toronto offices.

The former Bank of England governor is the United Nations special envoy on climate action and finance.

Stripe was founded in 2010 by billionaire Irish brothers Patrick and John Collison, now aged 32 and 30.

Read more:
Mark Carney joins the board of digital payment firm Stripe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A UK-backed mission which will search for Earth-like planets orbiting alien stars has been given the green light to continue with its development after...


According to a new survey a staggering 3 out of 5 UK professionals are unhappy with their current salary. The study, which surveyed 1,500...


A mental health crisis is looming among small business owners – with 82% reporting that their mental health has already declined due to the...


One of Britain’s biggest banks has called on the “social conscience” of large businesses to encourage them to settle bills to small and medium-sized...


The UK’s deep regional divides are widening despite the government’s promises to level up the country, a think tank for the north of England...


Britons are consuming too much alcohol at home due to sessions lasting longer than pub visits, an expert said, after data suggested millions of...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.