The Dublin-headquartered fintech corporate, which is merging with Australia’s Meeting Bills, expects its headcount to succeed in 450 within the coming years.
Irish fintech corporate CurrencyFair is to merge with Meeting Bills, an Australian corporate that automates advanced cost workflows, after a strategic funding from Usual Chartered’s SC Ventures.
Pending shareholder and regulatory approval, CurrencyFair’s headcount will instantly pass from 90 to 160 and is predicted to additional develop to 450 over the following 4 years.
Monetary phrases of the transaction weren’t disclosed however CurrencyFair has raised greater than €20m thus far, in keeping with Crunchbase.
Bills platform CurrencyFair is headquartered in Ballsbridge, Co Dublin, the place it was once based in 2009. It provides cross-border cost services and products in 20 currencies and has onboarded greater than 150,000 consumers.
In 2018, it got Hong Kong’s Convoy Bills as a part of its growth into the Asian marketplace. The corporate now has places of work in Eire, the United Kingdom, Singapore, Hong Kong, China and Australia.
Eire continues to be CurrencyFair’s greatest hub and the vast majority of new activity alternatives shall be in Dublin, Singapore and Hong Kong. Enlargement shall be world, alternatively, with vacancies at the playing cards in Australia and the United Kingdom throughout engineering, product, gross sales, advertising and marketing and extra.
CurrencyFair CEO Paul Byrne will lead the newly merged industry, which can in particular cater to key ache issues within the cost procedure. Those come with fragmentation of cost ecosystems, regulatory compliance and knowledge privateness and safety.
“This merger is a herbal evolution for CurrencyFair as we transfer past easy transactions against development an organization which permits companies and folks to get right of entry to, construct, attach and use any cost carrier,” Byrne mentioned.
Rimal Gokani, co-CEO of Meeting Bills, added: “An increasing number of companies are shifting and increasing on-line and as they make investments they want complimentary cost services and products together with FX, fraud control, reconciliation and non-card bills.”
Stay a watch out for jobs information at CurrencyFair by way of its careers portal. Recently, the corporate has 3 vacancies in Dublin within the house of shopper revel in.