Taoiseach Enda Kenny announced that CurrencyFair is to add 30 jobs at the official opening of the company’s new offices in Dublin. CurrencyFair, the world’s first peer-to-peer currency exchange marketplace, launched the new purpose built offices in Dublin and will provide roles which are a unique blend of coding and financial skills.
The company was established with the vision that individuals and small businesses should have access to very competitive exchange rates for international transfers that are normally reserved for big banks and businesses dealing in multi-million transactions. Money Matching leads to unprecedented savings and control while cutting out unnecessary charges, Irish people alone lost over €100m in bloated fees this year on total global transfers in and out of Ireland of over €2bn in 2012, an average 5% fee. Since launching the company has saved its customers €25 million in bank fees and exchange rate charges based on total transfers of €600 million.
Speaking at the Official opening, The Taoiseach, Enda Kenny T.D. said: “Ireland has a growing reputation as one of the best and most exciting locations in the world for innovative technology start-ups. The establishment and rapid growth of CurrencyFair in Dublin is proof of that. The best advances in technology make the world a smaller place and the services provided by CurrencyFair will help people all over the world to transfer money cheaply. I welcome the creation of 30 new jobs in this ambitious and innovative Irish financial technology company and wish them continued success on their global expansion. Through the Action Plan for Jobs, the Government will continue to focus resources on growth sectors so that we can build on the 1,200 jobs per week created in the past year."
Brett Meyers, CEO and co-founder of CurrencyFair added: “Sending an average annual mortgage or rent payment home or overseas currently costs more than a family holiday in fees. CurrencyFair costs no more than a family meal, up to 90% cheaper than average bank charges. The days of banks charging up to 5% while claiming no commission or free transfers are over.”
Welcoming the announcement Jennifer Condon, Manager, Internationally Traded Services at Enterprise Ireland said: ‘Enterprise Ireland has worked closely with CurrencyFair in supporting its development to drive continued international growth. This is a highly ambitious and innovative company and we look forward to continuing to work with them on international markets’.