Stripe Expands Canada Footprint with New Office in Toronto

Stripe, a provider of payment services, recently announced that it will soon open an office in downtown Toronto, Ontario to expand its presence in Canada.

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In addition, the company has also rolled out four new products in Canada, namely Stripe Tax, Pre-Authorized Debits, faster payouts, and a new smart reader for Stripe Terminal.

According to the official press release, 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 in the coming months.

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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.

Stripe noted that it has been rapidly adding products to its global toolkit. Businesses can now use Stripe to sell online without a website, verify the identity of their customers, simplify their accounting—and even fight climate change.

As Fazzaco reported earlier, Stripe has partnered with China’s UnionPay International,​ one of the world’s largest payment networks, to widen access to the Chinese consumer market for global businesses.