Stripe Bets Big On Imminent Israeli Opening

With a war chest in excess of $2 billion and an expected IPO that is likely to break U.S. stock market valuation records, digital payments superstar Stripe is setting itself up for something big. And, with its sales and support operations just beginning in the Israeli market, it’s small wonder that Stripe is laying a solid foundation for itself in the form of next-level recruitment efforts.

According to a release put out by the company at the beginning of the year, Stripe has tapped Arnon Barzilay, late the regional vice president of Salesforce, to head its Israeli team. In a post to his LinkedIn, Barzilay laid out his mission for his new position as leading the company’s charge to “increase the GDP of the internet, while removing financial complexity.”

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Indeed, convenient and frictionless transactions have been the secret sauce that has pushed Stripe to the top of the digital payments world in a remarkably short time. Since its founding in 2010, Stripe has facilitated transactions by taking care of interactions with regulatory bodies and traditional financial institutions to save time and effort for its customers. With employment postings still online in locations across the country, Stripe is taking its first steps into the Israeli market seriously.