Startups
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Stripe Acquires European Fintech for $1.2B
Payments giant expands European footprint.
Stripe has announced its largest European acquisition to date, purchasing German banking-as-a-service startup BankCore for $1.2 billion in cash and stock.
BankCore provides embedded banking infrastructure used by over 200 European fintechs. The acquisition gives Stripe direct banking licenses in Germany, France, and the UK—bypassing years of regulatory hurdles.
The deal closes Q2 pending regulatory approval. BankCore's 150-person team joins Stripe's Dublin office. CEO Patrick Collison called it "a massive unlock for European expansion."