Mark Carney joins Stripe board

By Daniel Lanyon on Monday 22 February 2021

Digital Banking

The former governor of the Bank of England, and also the Bank of Canada, Mark Carney is taking up a new post at one of the most valuable fintech companies Stripe.

Mark Carney joins Stripe board
Image source: Mark Carney

Stripe’s long-stated mission is to “increase the GDP of the internet.”

Now the firm, which is widely expected to soon close a fundraise pushing it to a c.$100bn valuation, has hired Mark Carney to its board. Someone no stranger to actual GDP figures, thanks to successful stints as governor or the Bank of England and, separately, the Bank of Canada.

“The very nature of commerce has changed over the past decade. Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small. In the process, Stripe has been breaking down barriers to global trade and accelerating economic output. I look forward to supporting Stripe over the coming years as they build the global infrastructure that enables the internet to become the engine for strong and inclusive economic growth,” Carney said. 

Stripe, which launched ten years ago, now has millions of business customers in 40 countries, offers payments services. It counts a number of high profile customers including Zoom, Slack, Shopify, Amazon and Deliveroo.

Carney was also recently appointed the UN Special Envoy for Climate Action.

“As Stripe enters its second decade, Mark’s unparalleled experience of the highest levels of financial services and central banking will be of enormous benefit as we work to grow the GDP of the internet.” said John Collison, co-founder and President of Stripe.

“From his desire to see faster settlement systems to his commitment to climate change mitigation, Mark’s values align with ours. We’re delighted he’s joining our Board of Directors.” 

Stripe’s other directors include Christa Davies, Diane Greene, Jonathan Chadwick and Sir Michael Moritz, as well as Stripe’s co-founders Patrick and John Collison.

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