April 5, 2019
The year 2018 was a good year for FinTech startups in Ireland. The market witnessed increased optimism in the form of increased hiring by FinTech players and plans to raise more funds. In Ireland, RegTech & digital identity, payment & remittances, asset management solutions, and financial software are key categories in terms of the number of FinTech players. Here is a list of 13 startups making a difference in Ireland’s FinTech landscape:
Future Finance was founded in 2013 and has raised $103.1 million in total funding. Future Finance offers student loans to undergraduate and postgraduate students in the UK within a range of £2,500–£40,000 per academic year. It offers education loans for covering living expenses and tuition fees. It claims to look at factors like the course and the university the student is attending as well as future career and income potential in order to arrive at credit decision. Future Finance works closely with universities to provide responsible financial support to students.
TransferMate was founded in 2008 and has raised $59.9 million in total funding. TransferMate provides an online payment platform that enables individuals and businesses to send and receive their foreign currency money transfers. The company’s payments platform enables users to book payments, track payments online, automate payee notification, and verify bank account details. The company received the International Payment Supplier award in 2017.
Clavis Insight was founded in 2007 and has raised $35.5 million in total funding. Clavis Insight was acquired by Ascential in December 2017. Clavis Insight is a cloud-based platform that provides e-commerce intelligence and online retail store analytics solutions for consumer packaged goods (CPG) companies. The platform delivers data analysis and insights to enable consumer goods brands to track and optimize their online channel presence and performance. Clavis’ intelligence platform analyzes everything consumers see in online retailer stores to quickly identify the actions brand owners and manufacturers need to take to drive profitable e-commerce growth, protect their brands, and beat the competition online. Clavis Insight has developed high-frequency festival analyses that deliver in-depth, real-time monitoring, alerts, and post-event analysis during high-transition periods such as Singles Day, Black Friday and Cyber Monday in North America, Europe, and China. Clavis Insight was named among Europe’s fastest-growing technology businesses in the latest Tech Tour Growth Summit.
Leveris was founded in 2014 and has raised $34.3 million in total funding. Liveris is a software company that provides a banking-as-a-platform solution for traditional banks, new market entrants, and other consumer brands that want to enter the banking and lending space. The company offers two integrated products: a full suite of an end-to-end digital retail bank and a full-spectrum lending solution. It is a fully integrated back-end, middleware, and front-end services & applications platform that is built on open-source components; it uses open standard formats, APIs, and protocols so that new technology innovations are easily integrated, thereby keeping any bank up to date with technological change.
Corlytics was founded in 2013 and has raised $15.9 million in total funding. Corlytics is a SaaS-based platform that provides compliance risk analysis services for financial institutions. The platform enables banks to minimize regulatory breaches by using predictive risk analytics applications to evaluate, benchmark, and manage market risk.
CurrencyFair was founded in 2009 and has raised $15.5 million in total funding. CurrencyFair is a P2P online marketplace that enables individuals and businesses to exchange currencies and send funds to bank accounts.
Rubicoin was founded in 2014 and has raised $8.5 million in total funding. Rubicoin is an investment app that allows investors to buy stocks and also gives instructions on how to buy shares as well as clear choices on what shares to buy throughout the investing life. It offers apps that provide training on investments and builds confidence in new investors.
CleverCards was founded in 2011 and has raised $8.5 million in total funding. The app has since been installed in over 150 countries worldwide and connects with 75 print & logistics facilities to help manage its orders.
Voysis was founded in 2012 and has raised $8 million in total funding. Voysis is advancing a voice AI platform that enables natural language instruction, search, and discovery across consumer & enterprise applications. The platform utilizes speech recognition, natural language processing & understanding, deep learning, and text-to-speech capabilities.
Eagle Alpha was founded in 2012 and has raised $5.6 million in total funding. Eagle Alpha is the provider of insights from the web to Wall Street. These insights are delivered through research, tools, and data.
Linked Finance was founded in 2011 and has raised $6.3 million in total funding. Linked Finance offers a P2P lending platform for small-business loans between €5,000 and €50,000. It helps investors to make bids from €50 to €2,000 on each loan request and apply an APR of interest of 5–15% each time they bid on a loan request. It also allows them to bid multiple times on the same loan request. It provides an auto-bid function to automate bidding by investors. The loans are classified in interest rate bands, such as A1, A, B, and C, which depends upon the risk that they include.
Supply Finance was founded in 2017 and has raised $5 million in total funding. Supply Finance provides trade finance to Europe’s small businesses. The company was founded to give Europe’s small businesses the same financing tools as big businesses.
Global Shares was founded in 2005 and has raised $4.9 million in total funding. Global Shares provides financial and equity consulting services. It also provides global employee equity software solutions and services to public & private companies.