Tagged: ireland

Irish Minister For Finance & Public Expenditure Partners With SFI Research Center ADAPT to Launch New Fintech Research Program

Ireland’s Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., and the SFI Research Centre ADAPT,  announced last week the launch of a new fintech research programme, FinTech Fusion. According to the duo, FinTech Fusion will encourage breakthroughs in payment (PayTech), regulation (RegTech)… Read More

Overfunding: Fleet App Secures €275,000 Funding Target Through Crowdsourced Equity Investment Platform Spark Crowdfunding

Fleet, an Ireland-based peer-to-peer car rental app, has successfully secured its initial €275,000 funding target on crowdsourcing investment platform, Spark Crowdfunding. Founded in 2016, Fleet App is now valued at €1.1 million. Prior to launching the funding round, the company teamed up with AXA  Ireland and… Read More

Ireland’s First Equity Crowdfunding Platform, Spark Crowdfunding, Lists Car Sharing Company Fleet

Spark Crowdfunding, Ireland’s first equity crowdfunding platform, has launched with its newest offering: Fleet – a person to person car sharing service that is seeking a raise of €275,000 through a sale of 20% equity. Spark Crowdfunding is a Dublin based operation that has only launched… Read More

Fintech Sancus Expands Operations in Ireland with New Hires

The Sancus BMS Group has expanded their business in Ireland with two new appointments from the property finance sector. According to Sancus, Michael Mooney has joined the Group as Managing Director of Sancus BMS (Ireland) Limited and Geoff Savage as Director of Lending. Sancus CEO Andrew… Read More

Dublin / Dubai-Based Photography Marketplace Coinaphoto Now Seeking £500,000 Through Crowdcube

Coinaphoto, a Dublin /Dubai-based photography marketplace, has launched an equity crowdfunding campaign on Crowdcube, seeking £500,000 in funding for growth and expansion of its platform. Founded in 2015, Coinaphoto explained it has built a global community of over 200,000 contributors and features 55 million images. The rewards-based… Read More

Irish P2P Lender Linked Finance Hit €10 Million Loans Record During Second Quarter 2018

Linked Finance, an Ireland-based peer-to-peer lending platform, recently announced it facilitated more than €10.1 million to Irish SMEs during the second quarter of 2018, which ended in June. The lender reported the second quarter success follows a strong start to the year, with totaling lending for… Read More

Irish Cross-Border B2B Payments Firm TransferMate Secures €21 Million Investment From ING

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More

Crossflow CEO Tony Duggan Shares Exclusive Update: Successful Annual Results, Live Series A Round & Continued Plans for Growth

Crossflow, a working capital marketplace for corporates and their supply chains, announced positive annual results. Launched in 2014, the Brexit neutral platform (Crossflow is domiciled in the Republic of Ireland) aims to allow financial institutions to cost-effectively finance corporates and suppliers in a click. Crossflow, a member… Read More

Banco BNI Europa Commits to €50 Million to Linked Finance to Lend to Irish SMEs

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

Enterprise Ireland Announces €750,000 Competitive Start Fund for Fintech & Deep Tech Start-Ups

Enterprise Ireland, the government organization that’s responsible for the development and growth of Irish enterprises, announced on Monday the launch of its new €750,000 Competitive Start Fund for Fintech and Deep Tech start-up companies that have the capacity to succeed in global markets. According to… Read More

IDA Ireland Launches Information Source Platform “Blockchain Ireland” to Promote National Blockchain Innovation

On Monday, a new source of information on Irish blockchain, Blockchain Ireland, was launched today by the Irish Blockchain Expert Group (IBEG). According to IDA Ireland, the new online platform will serve as the go-to source of information, assisting the promotion of Ireland as a… Read More

Sugru Disappoints as Crowdfunded Company is Sold at Significant Loss to Investors

Sugru, a high profile consumer product company that crowdfunded on Crowdcube, has been sold at a significant loss to early investors. Sugru raised over £4 million in several crowdfunding campaigns on the platform. The most recent being in 2017 when a 4.62% equity stake was… Read More

Blockchain Firm ConsenSys Announces Ireland Expansion: Opens Dublin Innovation Studio

On Wednesday blockchain firm ConsenSys announced its expansion into Ireland with the Dublin Innovation Studio. According to ConsenSys, the Dublin-based Innovation Studio will be a multi-functional facility including a development lab, where engineers will build and deliver Ethereum-based blockchain platforms and products stemming from the company’s… Read More

Central Bank of Ireland Announces New Innovation Hub & Industry Engagement Program

On Friday, Central Bank of Ireland announced it will launch an innovation hub and an industry engagement program to keep up with fintech and regulatory landscapes. During her speech at UCC’s Financial Services Innovation Centre, Derville Rowland, Director General of Financial Conduct at Central Bank,… Read More

Ireland Expects to Form Working Group on Virtual Currencies & Blockchain

Just as the UK announced a working group tackling cryptocurrencies, Ireland has announced their own similar task force. Incorporate within a report recently published by the Irish Department of Finance, the government proposed the creation of an intra-departmental Working Group on virtual currencies and blockchain technology…. Read More

B-Hive Signs MOU With Fintech & Payments Association of Ireland; Seeks to Strengthen Collaboration Between Belgium & Ireland

Last week, fintech collaboration platform B-Hive announced it has signed Memorandum of Understanding (MoU) with the Fintech & Payments Association of Ireland (FPAI), which will allow the duo to strengthen collaboration between Belgium and Ireland. According to B-Hive, the MoU was signed on the occasion… Read More

Global Payroll Software Payslip Secures €1 Million Investment Through Latest Funding Round Led By Frontline Ventures and AIB

Payslip, an Ireland-based global payroll management software, and Fintech company, announced on Wednesday it secured a €1 million investment through its latest funding round, which was led by Frontline Ventures and AIB, with participation Technology Investors, Tribal, Bloom Equity and Enterprise Ireland. Founded in 2016, Payslip… Read More

Sharein Reports Year-End Revenue of £700,000 to October 2017, More than 3 Times the Previous Year

ShareIn, a SaaS platform for the crowdfunding sector, announced on Tuesday it has seen revenues triple in the past 12 months and has matured from a startup to become a profitable scale up. The company reported it is going from strength to strength with the announcement… Read More

COSIMO Ventures Backs Irish Blockchain / Cryptocurrency Venture Oneiro with $3 Million Seed Funding

COSIMO Ventures, a VC firm with offices in Boston and Dublin, has announced a $3 million seed investment in Oneiro Ltd., a developer of technology innovations in Blockchain and cryptocurrency. The investment is being described as one of the largest for a cryptocurrency company established… Read More

Stripe Selects Dublin For First Engineering Hub Outside North America

U.S. payment firm Stripe revealed earlier this week that it is set to open its first engineering center outside the U.S. in Dublin. This news comes less than two months after Stripe announced its entrance into the Indian mobile wallet sector.  According to Reuters, CEO Patrick Collison… Read More

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