Stripe, a financial infrastructure platform for businesses, recently announced that James Phillips will be joining as President of Financial Services.
James joins Stripe after spending about a decade working at Microsoft where he “helped scale the Digital Transformation Platform Group.”
At Microsoft, James led what “started as a 200-person business intelligence product team that grew to become the Digital Transformation Platform Group, with over 15,000 employees developing products across six continents generating over $15 billion in annual revenue.”
James also brings “a strong developer mindset and company builder experience to Stripe, having previously led three successful startups, including Couchbase, one of the first NoSQL companies.”
James joins as Stripe’s portfolio continues “to expand to meet the needs of sophisticated online businesses.”
In recent years, Stripe has “launched Capital, Treasury, Billing, and Issuing, among other products.”
The velocity of product launches “has accelerated, with Payment Links, Tax, Revenue Recognition, and Identity all being launched in the past twelve months.”
Phillips stated:
“The economy is undergoing a fundamental shift, as organizations adapt their business models to fully take advantage of software, mobile, machine learning, and the internet: companies are building stronger relationships with their consumers, expanding internationally, distributing financial services, and automating their supply chains. Stripe is ideally positioned to serve as the engine behind these opportunities. I look forward to working alongside the entire financial services team as we continue to build out Stripe’s platform for the decades ahead.”
Patrick Collison, CEO of Stripe, remarked:
“James brings a rare mix of experience as a software engineer, repeat entrepreneur, and experienced enterprise leader. He drove tremendously impressive product development and innovation at Microsoft. More broadly, his empathy for users, from startups to the world’s largest companies, will help him as he guides our teams in solving critical business problems for millions of organizations.”
James’s appointment follows “the recent appointments of Dhivya Suryadevara, previously at GM, as Chief Financial Officer; Carmel Galvin, formerly at Autodesk, as Chief People Officer; and Mike Clayville, previously at Amazon Web Services, as Chief Revenue Officer.”
