Digital payments company Stripe announced Wednesday that technology industry veteran Steffan Tomlinson will take over as the fintech company’s chief financial officer.
Tomlinson, who currently serves as CFO of software provider Confluent, is headed to Stripe with two decades of corporate finance experience at startups and Fortune 25 companies across the technology landscape — from cloud computing to security and networking, according to a press release. Besides Confluent, he has also worked for tech titan Google.
The appointment becomes effective in September, a company spokesperson told CFO Dive. Tomlinson will succeed former Stripe CFO Dhivya Suryadevara, who announced earlier this year that she was stepping down “to attend to family matters.”
Stripe Co-founder and President John Collison said in the release that he looked forward to partnering with the company’s new finance chief “as we help fuel the growth of our users in the years ahead.”
“Steffan has a strong track record of optimizing the financial engines of high-growth and high-discipline organizations,” Collison said.
Tomlinson joined Confluent as CFO after serving at the financial helm of Google Cloud & Technical Infrastructure, from April 2019 to June 2020. Prior to that, he served as finance chief of Palo Alto Networks for six years.
Back in February Suryadevara announced in a LinkedIn post that she made the “difficult decision” to step down from her CFO role due to family matters. Collison was expected to lead the company’s finance department, pending a search for Suryadevara’s replacement, Bloomberg News reported at the time.
The transition to a new CFO at Stripe, which is dual-headquartered in Dublin, Ireland and San Francisco, California, comes at time when the digital payments company might be gearing up to go public.
The Wall Street Journal reported in late January that the company’s co-founders were planning to decide within the next 12 months whether to take the company public or allow employees to sell shares in a private-market transaction. The report was confirmed by CNBC.
In March, Stripe said it raised over $6.5 billion in a Series I funding round that valued the company at $50 billion.
More than 100 companies process over $1 billion each in payments annually with Stripe, whose customer base includes the likes of Amazon, Microsoft, Uber, Airbnb, and BMW, according to the Wednesday release. Over time, the company’s product suite has expanded to address “many payments-adjacent problems like marketplace management, card issuance, identity verification, bank account authentication, and lending,” the release said.
Meanwhile, Stripe on Wednesday also announced it is expanding its Stripe tax software offering to enable its clients’ platforms to offer tax solutions to their customers, CFO Dive reported.