News

Anthony Jordan

ajordan@farmersjournal.ie

Irish-international fintech company, Fexco, has announced a significant expansion of its operations headquartered in Killorglin, Co Kerry, creating 175 new jobs. The jobs form part of Fexco’s expansion strategy reinforcing the southwest’s position as the driving force of Ireland’s fintech industry.

The announcement was made last week in Killorglin by Julie Sinnamon, CEO of Enterprise Ireland, together with Fexco CEO Denis McCarthy, and Fexco chair Brian McCarthy. The development is supported by the Government through Enterprise Ireland’s R&D Fund.

Recognised as one of the world’s original and longest-established fintech players, Fexco has developed an innovative suite of payments and foreign exchange products and solutions, including dynamic currency conversion (DCC), multi currency pricing (MCP), tax free shopping and retail FX.

The high-skill jobs announced will add 175 to the existing 2,300 staff working across Fexco’s Irish and international operations spanning 29 countries.

Fexco is seeking experts in ICT engineering, software and sales to serve new product development opportunities in Ireland.

Speaking at the announcement, the CEO of Fexco Denis McCarthy said: “Last week marks a significant investment, by Fexco, into the southwest. Our plans to hire an additional 175 people for our Irish operations, based primarily in Killorglin, demonstrates Fexco’s commitment to this region – one synonymous with entrepreneurship, innovation and success in the ICT and fintech sectors.”

Heather Humpreys, Minister for the Department of Business, Enterprise and Innovation, welcomed the news commenting that it was “a great day for Fexco, Kerry and the wider southwest”.

The jobs are expecting to be created over a two-year period.