Brexit Uncertainty Spikes and Pound Plummets

Following the resignation of Brexit secretary Dominic Raab and Pensions Secretary Esther McVey, the British Pound has plummeted. There are expectations of further resignations in what is being called a “rebellion” against the Brexit deal struck by the E.U and U.K. In his resignation letter Raab said, I cannot support an indefinite backstop agreement, where the EU holds a veto over our ability to exit, the terms of the backstop amount to a hybrid of the EU Customs Union and Single Market obligations. No democratic nation has ever signed up…

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Top 5 Scaling Tips

by Gary Conroy, Chief Product Officer I’ve been fortunate enough to have been involved in the largest Irish FinTech deals. TransferMate Global Payments secured a valuation of over €350m at the time of a €51m minority equity investment from ING and AIB in 2017/2018, and Realex Payments was sold to Global Payments for €115m in 2015. Both companies have similar characteristics – entrepreneurial driving forces in Terry Clune, Sinead Fitzmaurice and Colm Lyon; neither is VC backed, instead choosing to grow organically through paying customers; both have been profitable since inception. What…

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