Cash for Irish startups falls as global funding freeze bites
Funding for Irish startups and scaleups fell by 17pc to €204m in the last quarter of 2023 from €245m a year earlier, according to new figures from the Irish Venture Capital Association. Deals in the €5m to €10m range were especially badly hit, falling over 50pc to €32m in the last quarter compared to €65m for the same quarter in 2022. Deals between €10m and [...]
Fifty two percent of Irish SME businesses raised their prices in the second quarter
Fifty two percent of Irish SME businesses raised their prices in the second quarter. This is according to the latest Linked Finance SME Confidence Index, based on research conducted by Behaviours & Attitudes. Inflation Squeeze The survey found 54% of businesses have taken measures beyond pricing to mitigate the effects of inflation. Linked Finance said initial steps taken by businesses to tackle the inflation squeeze [...]
CFO Services at Dublin Tech Summit
CFO Services, along with some of our clients, will be at Dublin Tech Summit 31 May-01 June. Say hello if you see us there!
May 2023: Fionán Dunne gives insights in Raconteur magazine
Some senior finance professionals believe that the constant challenges of the 2020s so far have obliged their teams to improve the quality and quantity of their communications both internally and with the rest of the organisation. This has altered both how financial managers approach their work and how their non-financial colleagues perceive them. A sense of community has prevailed, with everyone in the supply chain [...]
Prommt announces deeper partnership with one of the world’s top payment brands
Leading payment request platform Prommt has announced that it has extended its partnership with one of the world’s top payment brands, FreedomPay, to the US market. This partnership builds on existing collaboration in Europe and was announced today during the Government of Ireland’s US Trade Mission, at a special delegation meeting in New York City with Simon Coveney, Minister for Enterprise, Trade and Employment, Nathan Ware, SVP, Global [...]
Viatel to buy Sungard AS in latest acquisition
Sunguard Availability Systems, the digital transformation system provider, has been bought by Viatel Technology Group. Details of the price paid for the business have not been disclosed. "Sungard AS delivers innovative and critical services from bases in Ireland, the US and India," said Paul Rellis, the Viatel Technology Group chief executive. "We are excited to bring this global customer base, reach, influence and expertise under [...]