Tagged: ireland

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

Crua Outdoors Returns to Seedrs & Quickly Surpasses £125,000 Funding Target

Just a little over six months after launching its second Seedrs campaign, Ireland-based tent brand Crua Outdoors has returned to the equity crowdfunding platform and has already surpassed its initial £125,000 funding target thanks to nearly 150 investors. As previously reported, Crua Outdoors’ first equity round secured £85,371… Read More

Update: Irish Grocery Delivery Service Buymie to Complete Crowdcube Round With Nearly £400,000 in Funding

Buymie, an Ireland-based grocery delivery service, is set to close its equity crowdfunding campaign on Crowdcube with nearly £400,000 in funding from more than 290 investors. As previously reported, Buymie was founded in 2015 and is described as an on-demand grocery delivery platform that allows consumers to order goods… Read More

Overfunding: Ireland’s Grocery Delivering Service Buymie Surpasses £350,000 Through Crowdcube Campaign

Buymie, an Ireland-based grocery delivery service, has successfully secured its initial £350,000 funding target through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Buymie described itself as an on-demand grocery delivery platform that allows consumers to order goods from local grocery stores and have them delivered… Read More

Irish P2P Flender Close to Raising Over €2 Million Through Latest Funding Round

Irish peer-to-peer lender Flender has reported attracted close to more than €2 million through its latest funding round. This news comes less than a year after the lending platform secured £501,700 through its equity crowdfunding campaign on Seedrs. As previously reported, Flender is authorized and regulated by the… Read More

B2B Payment Provider Transfermate Secures €30 Million Investment From Allied Irish Bank

Ireland-based B2B payment provider TransferMate announced on Monday it received a €30 million investment from Allied Irish Bank (AIB).  Founded in 2010, TranferMate stated it is on a mission to provide businesses with a faster, cheaper, and easier solution for sending or receiving funds globally.TransferMate… Read More

Linked Finance Secures €2 Million Equity Investment

Ireland-based peer-to-peer lending company Linked Finance announced on Thursday it secured €2m in equity funding to support its plans for expansion. The funding round was led by the company’s original venture capital backers, Frontline Ventures. The platform has now lent over €34.5 million to Irish SMEs since… Read More

Ireland’s P2P Lending Platform Linked Finance Launches Pension Investment Product

Linked Finance, Ireland-based peer-to-peer lending company, announced on Monday the launch of its new type of pension account. The account allows holders of self-managed pensions to make P2P lending to Irish SMEs part of their pension investment portfolio. According to Linked Finance, the accounts have… Read More

Irish P2P Lender Linked Finance Funds One Thousandth Loan

On Thursday, Ireland-based peer-to-peer lending platform Linked Finance announced it has funded its one one thousandth loan. The platform was launched in 2013 and is seeking to lend more than £350 million to SMEs by the end of 2019.  This news comes less than two months… Read More