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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Money20/20 Europe: TransferMate Global Payments

Money20/20 Europe kicked-off in Amsterdam on Monday June 4th. The three day event has left people with a feeling of excitement, hunger for success and an overwhelming sense of being in the thick of something revolutionary. The discussions had at the circus themed event were thought provoking, insightful and almost incredible. The future of money is exciting, it is new and it is changing to something nobody would have ever predicted – at least not ten years ago! Some key take homes from Money20/20 Europe were; we need to build…

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The Future of FinTech in a Post-Brexit World.

FinTech Integration

Are FinTech companies disrupting the way established financial institutions operate today? In an age of rapid advances in technology coupled with innovation across many industries, FinTech companies have also increased the rate of change in terms of processes, technology and the levels of customer service provided. For example, there are many “challenger banks” which have entered the UK market but they are often a secondary banking provider to customers offering alternative mobile technology like Starling or Monzo. At TransferMate we believe partnerships are the way forward, working with banks around…

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TransferMate, simplifying trade within the Electronics Industry

FinTech Integration

Industry Overview The consumer electronics industry is a worldwide multibillion-dollar industry that we all rely on in our everyday personal and work lives. This huge industry is centred on the communication and entertainment industry and has played a key role in our technological and scientific evolution. To put a figure on it, the electronics assembly industry was valued at an estimated $1.3 Trillion in 2015 and is expected to grow to approximately $1.6 Trillion by 2020! Quite a figure! European Electronics Industry The European electronics market has experienced hard times in…

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Global Payments Simplified

Global Payments Simplified

As more companies rapidly increase their businesses in scope and size, the need to cover more payments related to having staff and teams operating all over the world, hiring vendors in various countries, and expanding the use of services and products across a wider platform becomes a critical component of operations for businesses today. Handling what becomes known as a ‘mass payments process’ quickly becomes a highly complex and laborious task. There are different currencies, languages, and tax systems to consider, as well as other challenges associated with the technology…

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