Stripe CEO Patrick Collison. Photo credit: TechCrunch, under Creative Commons license

On the heels of an implosion at German payments firm Wirecard, U.S. fintech Stripe is courting some former Wirecard customers, as made known by one of its executives. “It is difficult to count the impact of Wirecard, but we know that some former Wirecard customers switched to Stripe,” Matt Henderson, Stripe’s Head of EMEA, said in a statement. Wirecard filed for bankruptcy last month, with $4.6 billion in debt after disclosing a financial hole in the tune of $2 billion that auditor Ernst & Young said was due to sophisticated fraud. Being insolvent, Wirecard is being salvaged piece by piece to potential buyers.

Stripe is a U.S.-based company that does business globally. It currently operates in 38 countries including Germany, where Wirecard is based. Wirecard has some big customers in the country that are likely looking to jump ship on the heels of the company’s bankruptcy filing and Stripe has apparently stepped in to cater to that.

Stripe is currently a private company but was valued at $36 billion as of its last fundraising. Altogether, the San Francisco-based payments company has raised $1.6 billion in funding since its inception.