Online payments firm Stripe is to create at least 1,000 new jobs in Ireland across the next five years.
The company, founded by Limerick brothers Patrick and John Collison, says it will be hiring into a broad range of teams to help grow and support its rapidly accelerating European base.
The news comes on the back of a new funding round, with the company now valued at €80bn.
The Ireland Strategic Investment Fund (ISIF), which is managed by the NTMA, is one of the primary investors.
Other investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company and Sequoia Capital.
The company says it will use the capital to invest in its European operations, and its Dublin headquarters in particular.
John Collison, president and co-founder of Stripe, said "We're investing a ton more in Europe this year, particularly in Ireland.
"Ireland is now a leading tech capital of Europe, with great talent and companies emerging all the time, we're keen to help cement that position".
Tánaiste Leo Varadkar said: "This is fantastic news on the jobs front and the start of a really welcome partnership between the Irish State and Stripe.
"Over 1,000 new jobs will be created over the next next years. These are really good, well-paid, professional jobs and will be a real boost to the economy. I wish Stripe the very best with its plans".
Finance Minister Paschal Donohoe added: "I welcome this announcement by Stripe and the NTMA through the Ireland Strategic Investment Fund’s investment in its fundraising round.
"This signals exciting new plans for Ireland, for job creation and for the future growth of so many more companies."
Stripe employs over 300 people from its Dublin site, which serves as the international HQ of the business, and over 3,000 people globally.
Stripe users include notable organisations in Ireland like Jack and Jill Children's Foundation, Barretstown, Flipdish and the GAA.
Of the 42 countries in which Stripe powers businesses, 31 are in Europe.
In 2021, Stripe says it will double down on its Dublin headquarters to serve the surge in demand coming from across the region.
The company also launched its subscription billing service in Europe back in 2019.
Instead of manually retrying cards, it uses machine learning to figure out the best time to retry failed cards.
