Tagged: ireland

Google Receives Payment Institution Authorization From Ireland’s Central Bank

Google (NASDAQ:GOOG) has received payment institution authorization from Ireland’s Central Bank. According to Irish Times, the Central Bank granted authorization to Google Payment Ireland under the second Payment Services Directive (PSD2) regulation. The company will now be allowed to issue and acquire payments across the European Union (EU)… Read More

Ireland Pondering New Anti-Money Laundering Bill Encompassing Cryptocurrencies

In order to align itself with the fifth EU money laundering directive and reinforce existing rules, the Irish Cabinet has passed a new bill targeting money laundering, “including the use of cryptocurrencies in funding terrorism,” according to a release from the Irish Department of Justice. The… Read More

Hackers Lock Dublin Tram System Website, Demand Bitcoin Ransom

People seeking information today about the Luas light rail system in Dublin may have encountered a message threatening to “publish all data and send emails to your users” unless a ransom of one Bitcoin (worth about $3850) is paid, RTE reports. That message has now… Read More

Hulkster Dark Net Dealer Gets Crypto Seized by Irish Authorities as “Proceeds of Crime”

Neil Mannion, a convicted drug dealer who allegedly traded on darknet sites such as Silk Road and Agora under the name ‘Hulkster’, has lost a legal battle to keep his crypto, according to a report in the Irish Examiner. Judge Carmel Stewart approved a request… Read More

Transferwise Launches Borderless Accounts & Debit Mastercard to Ireland

Fintech unicorn, TransferWise, has reportedly launched its borderless account and debit Mastercard to Ireland. The launch comes just a few months after Transferwise added US Bank information to its platform thus mirroring what is already available for their European, UK and Australian users. According to Finextra, borderless… Read More

Allied Wallet Expands Payment Options Offering in Ireland

Less than a week after announcing it is now offering several new alternative payment options in the UK, online payment processing provider Allied Wallet announced more payment options for Ireland. The company added Paysafecard, Boleto Bancário, SEPA Credit Transfer, and SEPA Direct Debit to its NextGen Payment… Read More

Coinbase Announces EU Expansion: Opens New Office in Dublin

Crypto marketplace Coinbase announced on Tuesday it has continued its European expansion by opening its new office in Dublin. According to Coinbase, the expansion will create new jobs and grow the burgeoning Irish crypto economy. The marketplace then confirmed that the number of its customers in the… Read More

Ireland Launches Fintech Research Program. Fintech Fusion to Focus on Payments, Insurtech, Regtech, Blockchain & More

Paschal Donohoe

Ireland is getting more serious about Fintech innovation. Announced late last week, the Irish government has partnered with ADAPT Centre for Digital Content Technology, commencing a new research program: Fintech Fusion. The program will be headquartered at Trinity College Dublin and will initially run for four… Read More

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

Spark raise 2

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

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