Business Irish

Sunday 21 October 2018

Kenny announces 30 new tech jobs at CurrencyFair

Taoiseach Enda Kenny
Taoiseach Enda Kenny

Roisin Burke

Taoiseach Enda Kenny announced 30 new tech jobs at Dublin-based online currency transfer company CurrencyFair yesterday.

Mr Kenny also pushed the button on the company's new website at its Ranelagh offices.

"This is clearly one of the industries that's going to spread and grow internationally," he said of the thriving Irish fin-tech sector, adding that the company was bringing high-quality jobs to Ireland.

"CurrencyFair has already saved people €600m last year. That speaks for itself. It looks like that will explode in the next few years," he added.

The company was started by Aussie expats Brett Meyers, Sean Barrett and Jonathan Potter, who were looking for a cheaper way to send money to Australia. Now CurrencyFair handles millions of transactions for the diaspora of Irish people in Australia seeking to send money back to Ireland.

The business model works by transferring currency for customers at vastly better rates than banks and other financial institutions.

"We are in a sense taking revenue from largely foreign banks and using that to employ people in Dublin," said chief executive Mr Meyers.

The company has moved into larger office space in the former Jason's Pool Hall.

It gives the firm extra space for further expansion in the future and the hunt is on for new tech talent.

Irish Independent

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