Stripe names James Phillips as president of financial services

Stripe, an online payment processing platform, recently confirmed that James Phillips has joined the company as president of financial services. Phillips, who previously founded startups like Couchbase, aims to make it easier for Stripe to expand.

The new president of financial services joins the company from Microsoft where he worked for more than 10 years. While at Microsoft, Phillips led the digital transformation platform group.

Stripe has significantly expanded its team over the past few years. In 2020, the fintech company announced the appointment of Dhivya Suryadevara, former chief financial officer of GM, as chief financial officer.

Commenting on Phillips’ appointment, Patrick Collison, CEO of Stripe, said, “James brings a rare mix of experience as a software engineer, repeat entrepreneur and seasoned business leader. He led the development and innovation of extremely impressive products at Microsoft. More broadly, his empathy for users, from startups to the largest global enterprises, will help guide our teams in solving critical business issues for millions of organizations.

Stripe is one of the most valuable financial startups in the world. In March last year, the company raised $600 million in a funding round and received a valuation of $95 billion.

Extension of the Stripe portfolio

Phillips’ recent appointment follows extensive efforts by Stripe to expand its portfolio. Over the past few years, Stripe has launched Capital, Cash, Billing, and Issuance, among other products.

“The economy is undergoing a fundamental shift, as organizations adapt their business models to take full advantage of software, mobile, machine learning and the Internet: companies are building stronger relationships with their consumers, growing globally, distribute financial services and automate their supply chains. Stripe is uniquely positioned to serve as the engine behind these opportunities,” said Phillips.

Last year, Stripe also announced its official launch in the United Arab Emirates.

Stripe, an online payment processing platform, recently confirmed that James Phillips has joined the company as president of financial services. Phillips, who previously founded startups like Couchbase, aims to make it easier for Stripe to expand.

The new president of financial services joins the company from Microsoft where he worked for more than 10 years. While at Microsoft, Phillips led the digital transformation platform group.

Stripe has significantly expanded its team over the past few years. In 2020, the fintech company announced the appointment of Dhivya Suryadevara, former chief financial officer of GM, as chief financial officer.

Commenting on Phillips’ appointment, Patrick Collison, CEO of Stripe, said, “James brings a rare mix of experience as a software engineer, repeat entrepreneur and seasoned business leader. He led the development and innovation of extremely impressive products at Microsoft. More broadly, his empathy for users, from startups to the largest global enterprises, will help guide our teams in solving critical business issues for millions of organizations.

Stripe is one of the most valuable financial startups in the world. In March last year, the company raised $600 million in a funding round and received a valuation of $95 billion.

Extension of the Stripe portfolio

Phillips’ recent appointment follows extensive efforts by Stripe to expand its portfolio. Over the past few years, Stripe has launched Capital, Cash, Billing, and Issuance, among other products.

“The economy is undergoing a fundamental shift, as organizations adapt their business models to take full advantage of software, mobile, machine learning and the Internet: companies are building stronger relationships with their consumers, growing globally, distribute financial services and automate their supply chains. Stripe is uniquely positioned to serve as the engine behind these opportunities,” said Phillips.

Last year, Stripe also announced its official launch in the United Arab Emirates.

Stephen V. Lee