Stripe appoints Microsoft’s James Phillips as president of financial services

US-based financial infrastructure platform Stripe has announced the appointment of James Phillips as its new president of financial services.

Stripe hires James Phillips from Microsoft

Phillips joins Stripe after a decade at Microsoft where he helmed the Digital Transformation Platform Group, scaling the team from 200 to over 15,000 employees across six continents and generating over $15 billion in annual revenue.

Stripe says that Phillips brings both developer and entrepreneurial experience to the table having previously led three start-ups, including Couchbase, one of the first NoSQL companies.

Speaking on his appointment, Phillips says: “The economy is undergoing a fundamental shift, as organisations 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.”

He claims Stripe is well positioned “to serve as the engine behind these opportunities”.

The announcement from Stripe follows the recent appointments of Dhivya Suryadevara as CFO, Carmel Galvin as chief people officer, and Mike Clayville as chief revenue officer.