Stripe, a US-based payment processing platform, announced that Mark Carney, the former Governor of the Bank of England and the Bank of Canada, has joined the company’s board of directors.
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.
As Stripe rolls out its climate efforts globally, enabling millions of businesses to bring more funding to emerging carbon removal technologies, the company will receive guidance from one of the world’s leading experts in sustainable finance.
As the UN Special Envoy for Climate Action, Mark has galvanised climate action and private finance ahead of the forthcoming COP26 conference in Glasgow.
Mark is joined on the Stripe board of directors by Christa Davies, Diane Greene, Jonathan Chadwick and Sir Michael Moritz, as well as Stripe’s co-founders Patrick and John Collison.
Stripe’s client base includes Zoom, Slack, Wayfair, and Maersk, and global technology leaders including Shopify, Amazon, Atlassian, Deliveroo, Grab, and Glofox, who uses its payment platform to enable their internet operations.
Mark’s appointment comes amidst talks of Stripe chasing a valuation of US$70 billion to US$100 billion with its last valuation at US$36 billion according to Bloomberg.
Mark Carney said,
“The very nature of commerce has changed over the past decade. Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small.
In the process, Stripe has been breaking down barriers to global trade and accelerating economic output. 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.”
John Collison, Co-founder and President of Stripe said,
“As Stripe enters its second decade, Mark’s unparalleled experience of the highest levels of financial services and central banking will be of enormous benefit as we work to grow the GDP of the internet.
From his desire to see faster settlement systems to his commitment to climate change mitigation, Mark’s values align with ours. We’re delighted he’s joining our Board of Directors.”
Featured image: Mark Carney, Board of Directors, Stripe