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Stripe is expanding its presence in Canada with an office in downtown Toronto—its first in the country—and four new products in Canada: Stripe Tax, Pre-Authorized Debits, faster payouts, and a new smart reader for Stripe Terminal.
Dual-headquartered in San Francisco and Dublin, Stripe offers payment processing software and application programming interfaces for ecommerce websites and mobile applications.
“Our government is thrilled that Stripe has chosen to expand into Ontario for its first Canadian office, and we want to congratulate them on this milestone,” said Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade.
“Ontario is home to the world’s most talented workforce, strong postsecondary institutions, the brightest entrepreneurs, and a vibrant innovation and tech ecosystem. We look forward to Stripe’s collaboration with homegrown talent as they continue their growth in Ontario.”
In the coming months, Stripe expects to sign a lease for office space in downtown Toronto to draw on local talent and bring even more Stripe products to Canada.
Stripe is hiring for roles in engineering, product, and sales in Toronto. This team complements Stripe’s increasingly distributed engineering workforce—including in Dublin and its London fintech office.
“Toronto has dynamic startups, major financial services, and world-leading tech talent, so opening an office was a natural next step,” said Yunong Xiao, Stripe’s Head of Engineering in Canada and Toronto Office Lead.
“Stripe has worked side by side with Canadian businesses for nearly a decade now. With a new office and a slew of new products, we’ll be able to help even more businesses and further accelerate Canada’s internet economy.”
“I want to thank Stripe for choosing to locate its first Canadian office in Toronto and joining our city’s thriving tech community,” said Toronto Mayor John Tory.
“We have a tremendous success story in Toronto when it comes to our tech sector and now Stripe is a valued part of that ongoing success. We have worked hard throughout the pandemic to support people and businesses and make sure that our entire city comes back stronger than ever. Today’s great news from Stripe is a further sign of confidence in Toronto’s future.”
To view and apply for roles at Stripe in Toronto, visit their careers page.