THE COLLISON BROTHERS
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TO WATCH : Stripe powers Japanese businesses of all sizes Stripe
( Left ) Patrick Collison ( Right ) John Collison
Stripe
THE COLLISON BROTHERS
COMPANY : STRIPE REVENUE : US $ 14BN EMPLOYEES : 7,000 CEO : PATRICK COLLISON , STRIPE FOUNDED : 2010
Patrick and John Collison , the founders of Stripe , have achieved remarkable success in the fintech industry . Born in rural Ireland , the brothers demonstrated early entrepreneurial spirit , creating the software company Shuppa at ages 19 and 17 , which later became Auctomatic . After selling Auctomatic for US $ 5m in 2008 , they identified a gap in the online payments market and founded Stripe in 2010 .
Stripe simplifies payment processing for e-commerce businesses , charging a fee for its services and handling all necessary banking integrations . The company quickly attracted significant investment from industry giants like Elon Musk and Peter Thiel , as well as prominent venture firms including Sequoia Capital and Andreessen Horowitz . By 2016 , Stripe ’ s valuation had soared to US $ 9.2bn , making the Collison brothers the world ’ s youngest self-made billionaires .
Today , Stripe is valued at US $ 70bn , highlighting the Collison brothers ’ remarkable journey and continued influence in fintech . Despite this rapid growth , the Collisons maintain a hands-on approach , reviewing every product and ensuring their services remain userfriendly . They are also committed to philanthropy , supporting initiatives like California YIMBY and offering fee discounts to non-profits .
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