International business magazine ranks Stripe, an Irish-founded company, as the most innovative in the world.
Yesterday, a global business magazine released its list of the most innovative companies in the world. Industry-leaders pay attention as one Irish-founded company came out on top.
The Irish-founded company, Stripe, topped the list of Fast Company’s top 50 most innovative in the world for 2022. Beating out the competition, the company has gone from strength to strength.
This prestigious list highlights the many ways in which organisations and businesses can make a meaningful impact. Read on to find out more.
Stripe, the most innovative company in the world – kickstarting the carbon removal industry
Since October 2020, Stripe began paying companies to pull carbon out of the atmosphere in a bid to tackle climate change.
Customers of the online payments company have the option to join its carbon removal strategy, Stripe Climate, by contributing a percentage of their digital sales that flow through Stripe’s software. This funding is then used to fund carbon removal technology.
By the end of 2021, more than 15,000 companies across 40 countries had joined the programme. In addition, Stripe Climate last year increased its carbon removal commitments to $15 million.
Patrick and John Collison – the Irish guys behind the company
Stripe was founded by two Irish brothers, Patrick and John Collison, in 2009 and received financial backing in 2010.
Originally from the lakeside village of Dromineer in County Tipperary, the brothers always had a flair for technology. Patrick won the BT Young Scientist Competition at the age of 16 for developing a new programming language.
Today, Stripe is worth an estimated €80 billion and is one of the world’s biggest startups, as well as being the Irish company named the most innovative company in the world.
The most innovative security companies – two Irish-founded companies make the list
Fast Company ranks the most innovative companies in the world by sector. This year, two Irish-founded companies feature amongst the world’s most innovative security companies.
Coming in eighth place is Evervault, a two-year-old Dublin based startup that handles the encryption-related part of building an app. 22-year-old Shane Curran founded this highly-regarded data security company, which has raised $16 million to date.
Ranked in tenth place is Moonshot, co-founded by Ross Frenett from County Cork. Moonshot intercepts extremist intent by using monitoring technologies that identify individuals sharing extremist content before redirecting them to more moderate content.
The most innovative companies in the world – the top ten
The list of the most innovative companies in the world showcases how just one organisation can have a profound impact within their own organisation, their industry and society.
Joining the Irish-founded company on this prestigious list of most innovative in the world are a number of exciting ventures.
Some of the companies to have made the list are developing chemicals without the reliance on fossil fuels, while others help companies and individuals to minimise their carbon footprints. Other innovations have allowed people to work from home effectively.
- Stripe
- Solugen – turns sugar into industrial chemicals
- Twelve – breaks water and C02 molecules and turns them into other chemicals
- BlocPower – gives homeowners the opportunity to electrify
- Climate Trace – tracks country-level emission data
- Watershed – helps companies manage their emissions
- Doconomy – calculates individuals’ annual emissions
- Microsoft – humanises productivity
- SpaceX – creating reliable and non-expensive rockets
- Canva – making designers out of anyone
View the complete list here.
