The fact that Visa has chosen to invest in Stripe, not in PayPal, is seen to have huge significance

Stripe, the online payment processing company established by Irish brothers Patrick and John Collison, is now valued at $5 billion after raising new f(...)

At the top of the Irish list are Hilary and Alannah Weston (above), the Dublin-born mother and daughter from the family which controls Brown Thomas and Penneys in Ireland and Selfridges and Primark in the UK. The family is valued at some €15 billion. File photograph: Brenda Fitzsimons/The Irish Times

The richest 250 people in Ireland are worth a combined €75.03 billion and have seen their wealth increase by 15.9 per cent in the last year, according(...)

Stripe co-founder John Collison speaks on the main stage during the Web Summit last November. Photo: Barbara Lindberg.

In Silicon Valley, “marketplace” is an increasingly hot buzzword. That’s because it is the business model of companies like Uber, Airbnb and Lyft, wh(...)

John Collison, co-founder of Stripe, speaking    during the  Web Summit at the RDS in  November. Photograph: Barbara Lindberg

For the first time since the financial crash, it was harder this year to pick the losers than the winners. As well-known businesses toppled and entrep(...)

Silicon Valley 50: at the  event this week were (from left) president of ITLG John Hartnett; ITLG chairman Craig Barrett; Rob Leslie of Sedicii Innovations, receiving the ITLG/Irish Times Innovation Award; and John Stanton, president of Silicon Valley Global Partners. Photograph: Chris Ryan, Views of the World Silicon Valley 50:  (from left) president of ITLG John Hartnett, ITLG chairman Craig Barrett, Rob Leslie of Sedicii Innovations, receiving the ITLG/Irish Times Innovation Award, and John Stanton, president of Silicon Valley Global Partners. Photograph: Chris Ryan, Views of the World

Long before there was an Intel or an Apple, Ireland was building links to Silicon Valley. Sunnyvale – now best known as the home of Yahoo and Palm – w(...)

PayPal and eBay flags fly in front of the company’s headquarters in San Jose, California. Photographer: David Paul Morris/Bloomberg

So, eBay will spin off PayPal, the precocious child it acquired in 2002 for $1.5 billion and which has since eclipsed its parent in profitability a(...)

John (left) and Patrick Collison, co-founders of Stripe, outside their offices in Palo Alto, California

Apple’s list of partners for its new Apple Pay service reads like a Who’s Who of the payments world, including Visa and First Data. Then there’s St(...)

Darina Barrett, KPMG Ireland head of financial services markets: “There is a lot of effort and responsibility required to verify whether a fund is compliant”

Fintech is one of the newer buzzwords to hit business lexicon and it means essentially what it says – the convergence of financial services and techno(...)

Tech entrepreneur Peter Thiel: confirmed as a speaker at The Summit in November

Tech entrepreneur Peter Thiel, co-founder of online giants such as PayPal as well as analytics and security firm Palantir Technologies amongst others,(...)

John (left) and Patrick Collison, co-founders of Stripe, outside their offices in Palo Alto, California. The pair turned to Silicon Valley when they could not get funding in Ireland.

Amid the laudatory media coverage that greeted the disclosure last month that start-up Stripe had been valued at $1.75 billion (€1.28 billion) (...)