Soldo, a London-based fintech start-up that secured an e-money licence from the Central Bank earlier this year, is to significantly ramp up operations in the Republic of Ireland after raising $61 million (€54.4 million). Soldo, which currently employs 10 people in the Republic, is busy migrating the accounts of its European customers to Dublin following the awarding of the e-money licence in March. “We are looking at significant investment in organisational growth,” co-founder and chief executive Carlo Gualandri told The Irish Times. Having begun to offer it services to Irish business last month, Mr Gualandri also said Soldo intends to have dedicated sales staff on the ground shortly. Speaking at the time Soldo was awarded the e-money licence, he expressed annoyance at having to replicate much of what the company had already done because of Brexit.

Source: The Irish Times July 08, 2019 06:56 UTC