Online payments startup Stripe is "betting big" on the European technology scene, the U.S. company's founder has told an audience in Dublin, predicting that the region could soon create the next Facebook.
Stripe, which earlier this year snagged a $5 billion valuation, is one of the darlings of the Silicon Valley technology scene. The firm provides software that lets mobile apps and commerce sites embed a payments system by adding just a few lines of code.
Many of the 4-year old company's customers are startups that are using Stripe's technology to facilitate payments. Earlier this year, Stripe said it was focusing heavily on Latin America and Southeast Asia where it is looking to expand in 2016.