Stripe has promoted Rahul Patil to the new Chief Technology Officer, replacing David Singleton. According to a LinkedIn statement, Singleton congratulated Patil, who has been with the fintech giant
for more than four years.
Patil is responsible for global operations for all
Stripe, encompassing ledger, billing, financial data warehouse, regulations,
and tax platform. He joined Stripe from ClearTax and has served in notable
global brands, including Oracle, Amazon, and Microsoft.
Starting a New Company
Singleton is reportedly moving to start a new company.
He has been based in the San Francisco Bay Area for more than six years now. He joined the company from Google, where he served for more than 11 years,
rising through the ranks to the role of VP of Engineering.
“After seven extraordinary years, I’ve decided it’s
time to try something new and am leaving Stripe to start my own company soon.
When I first reached out to Patrick Collison and Claire Hughes Johnson in 2017, it was not about the possibility of joining Stripe, but rather to ask for
advice about a company I was planning to start then, Singleton mentioned.
“While they gave me some great advice about my ideas,
I came away *most* excited about joining Stripe’s mission and decided to come
onboard. Now, it’s time for me to pick up my startup dreams again and start
something new on my own.”
Stripe Expands Services
Recently, Stripe has entered into notable industry
collaboration to expand its services. This month, the company partnered with Zip, an Australian-based buy now, pay later (BNPL) provider, to offer online
retailers payment options using Stripe’s platform. According to the company,
this agreement facilitates purchases to be split into four installments over
six weeks.
Besides that, the US payment processing platform has
teamed up with Sage, a UK-based software firm, to enhance cash flow management
and payment processing among small and medium businesses.
By utilizing Stripe’s
financial infrastructure, Sage seeks to offer its customers a solution to
enhance their financial processes with features such as checkout and
tap-to-pay contactless payments.
This article was written by Jared Kirui at www.financemagnates.com.
Source link
