News analysis

Former Bank of England governor Mark Carney joins Stripe’s board

by Stephen Conmy

former-bank-of-england-governor-mark-carney-joins-stripes-board

The fast-growing online payments firm Stripe has landed another heavyweight director to join its board.

Mark Carney, the former Bank of England governor and Goldman Sachs veteran, joins Stripe’s board at a time of growth and maturation for the digital firm.

What’s happened?

The Stripe board of directors already includes such industry legends as Christa Davies (Aon), Diane Greene (Google), Jonathan Chadwick (former Skype) and Sir Michael Moritz (Sequoia Capital), as well as Stripe’s co-founders Patrick and John Collison.

“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,” said Carney.

Stripe, which is regulated in multiple jurisdictions and partners with several dozen financial institutions around the world, will be able to benefit from Mark Carney’s extensive experience of global financial systems and governance.

“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,” said John Collison, co-founder and President of Stripe.

Since its founding in 2010, Stripe has rapidly grown into one of the most-valued private companies in the world, valued at an estimated $100 billion.

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