Ten Fintech Firms Ready For Launch

13 Dec 2016 | 03.23 pm

Ten Fintech Firms Ready For Launch

Startups complete EI development programme

13 Dec 2016 | 03.23 pm

Ten new financial technology companies are ready to roll today, after completing a three month development programme at Dogpatch Labs in the IFSC in  Dublin, which included masterclasses by experts from the Fintech and Payments Association of Ireland.

The ten companies were each awarded €50,000 in equity support earlier this year through Enterprise Ireland’s Competitive Start Fund. Applications were open to early stage companies providing technology-based solutions in the financial services sector.

 

Completion of the programme was celebrated at an event where minister Eoghan Murphy presided. He told the successful start-ups that “strengthening our indigenous fintech sector as a source of high-value job creation is a key objective of the Government’s IFS 2020 Strategy”.

Murphy (pictured) added: “This programme’s mentoring and sponsorship model demonstrates how we can effectively harness industry scale and expertise while nurturing mutually beneficial links with our innovative start-up community.”

Leo McAdams of Enterprise Ireland said: “The companies and entrepreneurs graduating here today are prime examples of start-ups with global ambition, who will continue to drive Ireland’s reputation as a market leader in the provision of fintech products and services.”

The successful companies range from insurance to banking to wearables, and include:

id-Pal

WeSavvy

CyberRiskAware

AssureHedge

Martello Low Carbon Solutions

Ciaran McGuckian

UCompare

Tucr

Inship.

Ulster Bank and Citi provided input and leadership on topics including compliance, sales, partnering and fundraising.

Ciaran Coyle, Chief Administrative Officer at Ulster Bank, said: “Engaging with the fintech community in a collaborative way is key for Ulster Bank, as we strive to become the number one bank for customer service, trust and advocacy. I look forward to continuing to engage with these companies in the future.”

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