“Stripe, an online-payments technology company based in San Francisco, has opened a Chicago office that’s about half engineering.

The company plans to have about 40 employees here by year-end, says co-founder John Collison, who was visiting the new office at 515 N. State St. today.

Chicago is the company’s fourth major site outside Seattle, Singapore and Dublin, Ireland. Collison said the company picked Chicago over other locations. “We basically looked at everything east of the Mississippi.”

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