Tagged: ireland

Accelerated Payments Reports €210 million Worth of Invoice Financing on Third Anniversary

Accelerated Payments reports that it has advanced €210 million worth of invoice financing as it celebrates its third anniversary in operation.  Accelerated Payments, and invoice financing platform, claims to be the fastest-growing Fintech in Europe. Meanwhile, the company is planning to set up shop in… Read More

Fintech Funding in Ireland Surged in H1 2020 as VCs, PE, M&A Deals Secured Over $300 Million in Capital: Report

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More

TransferMate Announces Expansion of North American Regulation With New Mexico License Approval

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More

Bank of Ireland Announces Launch of Google Pay for Customers

Bank of Ireland announced on Monday it has launched Google Pay for all customers. According to the banking group, customers are now able to add personal debit, credit cards, and business debit cards to the payment method’s digital wallet. While sharing more details about the… Read More

Digital Bank Starling Facilitates the Disbursement of £654 Million in Loans under UK’s BBLS to 24,000 Businesses

Starling Bank, a leading UK based digital bank, has reportedly delivered more than £654 million in loans under the United Kingdom’s bounce back loan scheme (BBLS) to around 24,000 local firms. Starling Bank, which teamed up with Funding Circle to issue £300 million in loans… Read More

Ireland’s P2P Lending Platform, Linked Finance, Asks Government to Extend Nation’s €2 Billion Credit Guarantee Scheme to Non-Bank Lenders

Ireland-based Linked Finance, a peer to peer (P2P) lender, has asked the Irish government to extend the nation’s €2 billion (appr. $2.35 billion) credit guarantee scheme to P2P and non-banking lending platforms. The UK has introduced the COVID-19 loan scheme, however, Ireland’s alternative lending solution… Read More

Irish Fintech Circit Secures €1.1 Million in New Financing

  Circit, an Ireland-based fintech startup, announced on Thursday it secured €1.1 million in new financing for its audit confirmation platform. Founded in 2017, Circit describes itself as a financial audit management platform that provides real-time visibility of audit confirmations as well as direct connections… Read More

Denmark’s CreditStretcher, UK’s Elfinity, and 9 Other Fintechs to Participate in Village Capital’s Finance Forward Europe Accelerator

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

Irish Fintech Firms to Receive More Support after Enterprise Ireland Awards €10 Million Grant to VC Firm MiddleGame Ventures

VC firm MiddleGame Ventures (MGV) has reportedly received a €10 million grant from Enterprise Ireland, in order to establish a pool of funding of up to €20m for Fintech businesses operating on the island. As noted on MGV’s official website: “Middlegame Ventures is a venture… Read More

Revolut Launches Open Banking Services to More Than One Million Irish Retail & Business Customers

  Digital bank Revolut announced on Wednesday the launch of Open Banking for its more than one million retail and business customers in Ireland. According to Revolut, the new Open Banking feature allows retail customers in Ireland to connect their AIB, Permanent TSB, Ulster Bank,… Read More

Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise

  Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger that recently secured $100 million in funding for its ongoing growth and development. The German neobank reports double-digit growth in the… Read More

The clock is ticking for Irish SMEs: Linked Finance CEO Tells Irish PM to Look Towards Fintechs for Help

Earlier today the Irish government outlined additional plans to help support the economy during the COVID-19 pandemic. During a special Cabinet meeting, a series of measures to further support small, medium, and larger businesses were revealed. The new initiatives included: a €10,000 restart grant for… Read More

IBM Joins Forces With Fenergo to Tackle Financial Crime

Ireland-based fintech Fenergo announced on Tuesday it has joined forces with IBM (NYSE: IBM)  to fight financial crime. The duo signed an original equipment manufacturing (OEM) agreement that will allow the companies to collaborate on solutions that can help clients address the multitude of financial risks they… Read More

Latvian Peer to Peer Lender Grupeer Ceases Operations

Grupeer is the latest European peer to peer lender to shut down operations. Grupeer operates out of Latvia but also claims an office in Ireland. In a message posted on the site this week, Grupeer management claimed that the impact of the COVID-19 pandemic made… Read More

COVID-19: Linked Finance Now Offers Deferred Start Loans to Businesses

Linked Finance, an Ireland-based peer to peer lender, has announced a new product for businesses impacted by the COVID-19 crisis. The online lender is now offering a “Deferred Start Loan” that includes no payments for the first three months of the security. The 15-month loan… Read More

Contactless Payments to be Allowed for Larger Amounts, without PIN Entry, by Banks in the Netherlands and Norway

Banks in the Netherlands are helping customers perform contactless payments at store locations without requiring them to enter their PIN numbers. This move is part of the extraordinary measures that have been taken to prevent the further spread of the deadly and highly contagious Coronavirus… Read More

Coronavirus: P2P Lender Linked Finance Offers Range of Support for Impacted Borrowers

Linked Finance a leading peer to peer lender in Ireland, has announced a range of actions to assist borrowers impacted by the Coronavirus, or COVID-19, pandemic. Linked Finance said that an automatic 2-month payment brake will be applied to all loans to the hospitality trade…. Read More

Full-Service Card Acquirer & Payment Service Provider Truevo Launches Point of Sale Solution in the UK, Ireland, & Malta

Truevo, a full-service card acquirer and payment service provider, announced on Wednesday it has launched its point of sale solution in the UK, Ireland, and Malta. Founded in 2012, Truevo provides merchant account and card acquiring services to businesses of all sizes, from micro-merchants to… Read More

UK-based Challenger Starling Bank to Use Irish Banking License to Expand Operations Across Europe

UK-based banking challenger Starling Bank intends to use its Irish banking license to make its way into other European nations in the coming years, Anne Boden, the company’s CEO, confirmed. During a recent interview with IBS Intelligence, Boden, founder of Starling Bank, noted that the… Read More

Regtech: Dublin-based Regulatory Software Developer DX Compliance Solutions to Raise €1.2 Million via Seed Round

Ireland-based DX, a Regtech firm focused on developing compliance software, aims to introduce flexible anti-money laundering (AML) checks and processes for Fintech companies. Simon Dix, a lawyer who previously worked at Germany-based digital bank Fidor Bank, has extensive experience dealing with AML compliance matters in… Read More

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