Scoop: Stripe hires new engineering chief from Google

Stripe has hired David Singleton to be its new head of engineering, reporting directly to CEO Patrick Collison. Singleton joins from Google, where he was VP of Engineering and most recently led the Android Wear and Google Fit teams and led the growth of the company's engineering team in its London office. He's relocating to San Francisco.

Why it matters: The fast-growing online payments software company is trying to scale quickly, so an engineering head who's run a large team and has overseen product development at a place like Google is a coup for the startup. (Stripe also supports Google Android Pay).