Monday 10 December 2018

Fintech firm Fexco to create 175 new jobs in the south west at Irish HQ

The news was welcomed by Business Minister Heather Humphreys. Photo: Mark Condren
The news was welcomed by Business Minister Heather Humphreys. Photo: Mark Condren
Ellie Donnelly

Ellie Donnelly

Irish fintech company Fexco is creating 175 new jobs at its headquarters in Killorglin, County Kerry.

The jobs, which are being created over the next three years, are in the areas of ICT engineering, software and sales to serve new product development opportunities for the group in Ireland. 

The new roles will add to Fexco’s existing 2,300 staff working across the company’s Irish and international operations spanning 29 countries.

"Our plans to hire an additional 175 people for our Irish operations, based primarily in Killorglin, demonstrate Fexco’s commitment to this region, one synonymous with entrepreneurship, innovation and success in the ICT and fintech sectors," Denis McCarthy, CEO of Fexco, said.

"Companies from this region continue to lead and compete internationally, representing Irish business on the world stage, something we at Fexco are inherently proud of."

The development is supported by the Government through Enterprise Ireland’s R&D Fund, and today’s announcement was welcomed by both Enterprise Ireland and Minister for Business, Enterprise and Innovation, Heather Humphreys, TD.

"The economic growth of our regions through the creation of high-skilled, sustainable jobs is a priority for Government, and I am delighted to see such a significant number of these jobs being created at Fexco in disciplines like research and development," Minister Humphreys said.

Founded by Brian McCarthy in 1981, Fexco has grown to become a major financial services firm. It had accumulated profits of €304m in 2016.

Earlier this year, Fexco made its seventh UK acquisition, buying specialist retail foreign-exchange operator Changelink, which is focused on the London market. Purchasing Changelink gave Fexco a more than 10pc share of the British retail foreign exchange market.

Since 2012, Fexco has grown its share of the UK market from zero, to now employing more than 400 people and serving the travel money requirement of over three million customers through 110 branches.

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