Monday 18 February 2019

Wicklow-born serial entrepreneur Terry Clune, who is based in Kilkenny, is wealthy thanks to his stakes in businesses Transfermate, an international payments firm which he co-founded, and its parent company, global tax returns firm Taxback Group.

Transfermate is expanding fast, having qualified last year to operate in all US states, and having made an acquisition of a Swiss payments firm that gives it a foothold in an important financial market.

An investment last summer from Dutch bank ING is thought to have valued Transfermate at €350m. The firm employs about 200 people, with another 1,000 employed by the Taxback Group.

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