Colm Lyon puts another €2.5m into Fire Financial Services
Technology entrepreneur Colm Lyon has pumped a further €2.5 million into his digital payments company, Fire Financial Services. The cash injection brings to about €19 million the total of equity invested in the business, the overwhelming bulk of it provided by Mr Lyon, who along with his wife earned an estimated €90 million from the sale of Realex Payments in 2015. Documents filed at the [...]
ID-Pal win at the 2021 Emerging Payments Awards
Irish company ID-Pal has won Best Customer Facing Experience at the Emerging Payments Awards in London. ID Pal enables businesses to verify the identity of customers in real-time simply, securely and conveniently. The solution is easy to use, seamless to integrate and instantly customisable to the specific needs of any business, eliminating the complexity, cost, timelines and risk associated with regulatory compliance. Businesses gain access [...]
20% of SMEs applied for bank credit – Credit Demand Survey, September 2021
The results of the latest SME Credit Demand Survey shows that 20% of small and medium sized businesses applied for bank credit between October 2020 and March 2021. 72% of SMEs reported that sufficient internal funds was the reason for not seeking credit. The survey series is conducted by Behaviour and Attitudes, on behalf of the Department of Finance.It is the most comprehensive survey of [...]
8 Irish start-ups in the running to be KPMG’s global tech innovator
One of these eight start-ups will be Ireland’s entry for the KPMG Global Tech Innovator finals at Web Summit in Lisbon this November. KPMG Ireland has announced the eight Irish companies shortlisted for the inaugural Ireland qualifier of its Global Tech Innovator competition. These start-ups from around the island of Ireland were selected from more than 50 entries. Here we take a closer look at the eight [...]
Stripe in talks about going public as soon as next year
Stripe, the digital payments company founded by Limerick brothers Patrick and John Collison and which was last valued at nearly $100bn, is in early discussions with investment banks about going public as soon as next year, according to insiders. Stripe’s valuation has continued to soar in recent months. The company raised $600m in March at a valuation of $95bn (€80bn). That makes it the most [...]
Tax take now €2bn ahead of target after bumper August
A large windfall of corporation taxes from the tech sector has helped push overall Exchequer receipts more than €2bn ahead of target for the year so far. Corporation tax of more than €1bn was collected in August – nearly €800m more than expected – as large IT firms paid far more than projected on the back of pandemic sales, the Department of Finance said. Corporation [...]