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780 Stripe’s payment infrastructure was built in a Palo Alto apartment by two Irish brothers from Limerick who, before they turned 25, had convinced Peter Thiel and Elon Musk to back them, and the company’s annual payment volume now exceeds the entire GDP of Ireland by more than three times

Silicon Canals
Canal Letter @ Silicon Canals · 06/26/2026 05:02 EDT

Stripe’s payment infrastructure was built in a Palo Alto apartment by two Irish brothers from Limerick who, before they turned 25, had convinced Peter Thiel and Elon Musk to back them, and the company’s annual payment volume now exceeds the entire GDP of Ireland by more than three times

Stripe processed $1.4 trillion in payment volume in 2024 — roughly 2.6 times Ireland's GDP — and the founders built the first version in a Palo Alto apartment before either turned 25.

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