Stripe Adds Former Bank Of England Governor Mark Carney To Board

Mark Carney, former governor for the Bank of England and Bank of Canada, will now be on the board of directors for Stripe, which works on global payment infrastructure for eCommerce, according to a press release.

Carney will help Stripe with his experience in global financial systems and governance, the release stated.

In addition, Stripe is also debuting climate change efforts globally, helping “millions of businesses” to bring more funding to emerging carbon removal techniques, the release stated, and Carney will bring his assistance in sustainable finance.

Carney, the release noted, has worked as the UN Special Envoy for Climate Action, and in that job he has helped to boost climate issues and private finance ahead of the upcoming COP26 conference in Glasgow.

“The very nature of commerce has changed over the past decade,” Carney said, according to the release. “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.”

John Collison, co-founder and president of Stripe, said in the release that Carney’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.”

Earlier this month, Stripe was reportedly valued at $115 billion by investors in second market deals. The company’s value seemed to have more than tripled since a previous April valuation, and the company was said to have a primary funding round in the works for over $100 billion.

Stripe was formed 10 years ago by brothers Patrick and John Collison and has worked with companies like Shopify and Peloton.