Ireland’s fintech ecosystem took centre stage today at Money2020 Europe in Amsterdam, with a series of significant announcements that underscore the country’s growing global influence in the sector. Led by the Minister of State for Financial Services and supported by Enterprise Ireland, the Irish delegation revealed four major deals that mark new international milestones for homegrown fintech firms.
The announcements come amidst a backdrop of sustained growth for Irish fintech. According to a new Enterprise Ireland report, developed in partnership with PitchBook, the sector has attracted almost €1 billion (€997.8 million) in investment over the past five years. In 2023, despite a levelling off in European fintech venture capital activity, Ireland defied the trend, recording €266.3 million in funding—its second-highest investment volume in a decade. This performance has cemented Enterprise Ireland’s position as one of the top three most active fintech investors in Europe for 2024.
At Money2020 Amsterdam today, four Irish fintech companies announce major new international partnerships, milestones and new product launches, including:
- TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service (IaaS), announced a strategic partnership with Deutsche Bank. The long-term partnership will see TransferMate work with Deutsche Bank in various countries, enabling TransferMate to provide in-country collections, cross border payments, and the ability to store funds locally. As a result, TransferMate now has the most extensive local collection capabilities of any B2B cross-border payments provider, building on what is already the largest fintech payment infrastructure in the world’
- Splink, a provider of custom digital payment solutions and strategic consultation, whose backers include former Manchester United boss Ed Woodward, announced an enterprise partnership with Global Payments, one of the world's largest payments organisations to commercialise their Stadia and Events Technology in Ireland and pilot their new SoftPOS system. The partnership delivers an exclusive commercial Irish partnership of Global Payments’ Stadia & Events technology - live at iconic venues like Chelsea’s Stamford Bridge, Newcastle’s St. James’ Park and being deployed for Live Nation events including Electric Picnic
- Prommt, the Irish-based enterprise payment request platform announces a major milestone in Open Banking adoption, with one of the UK’s top pre-owned prestige car supermarkets collecting over £60 million via Prommt’s Pay by Bank - within 60 days of going live. By capping card payments at £500 and dynamically routing larger transactions through Prommt’s Pay by Bank, the merchant unlocked immediate savings and strong customer uptake.
- Engage Hub, the data-driven journey orchestration and contact centre automation company, announced the launch of its AI Knowledge Base – a centralised, intelligent library of product, service, or brand-related information that empowers users to find accurate answers instantly, without the need for agent support.
More than 20 Irish fintech companies are exhibiting at this year’s conference, represented at the Irish Pavilion (Stand 1H130). The line-up features established leaders such as FEXCO, TransferMate, ID-Pal, Know Your Customer, and DAON, alongside rising innovators including Apata, Dimply, Prommt, Splink, CleverCards, Continuum Commerce, Engage Hub, and Facilipay.
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