Global financial technology firm, Ebury, is to open a new office in Dublin, Ireland.
The firm say the move is a response to growing demand for their services in Ireland.
The Irish team will focus on serving SMEs, filling a significant gap in the market.
The company said SME’s in Ireland “have long been underserved by traditional banks, often facing challenges such as limited access to FX risk management facilities and a distinct lack of choice when choosing a provider to support international business operations.”
Ebury say they will provide “tailored and innovative payments, collections, risk management and unsecured financing solutions to support the needs of these valuable businesses.”
The Dublin office will also support the continued growth of Ebury Institutional Solutions – a dedicated proposition for the alternative investment management sector allowing managers to deploy capital globally.
The company noted Ireland is the domicile for 6% of world-wide investment fund assets, making it the third largest global centre.
Ebury offers a range of transaction banking services across international payments and collections, FX risk management and strategies in over 130 currencies for major and emerging markets, cash management strategies and business lending.
Ten employees will initially work from the Dublin office with the expectation that this number will grow.
Ebury has seen significant international growth employing over 1,700 employees now operate from 43 offices in 29 countries.
Phil Monkhouse, UK & Ireland Country Manager at Ebury, said: “Ireland is integral to many trading networks, especially given its strong trade links between the UK, EU and the US, and we are delighted to reinforce our capabilities here with a stronger local presence.
“Our growing strategic focus on serving SMEs in Ireland will ensure that we fill the existing service gaps
in the market, offering them the tools they need to thrive internationally.
“Global expansion is critical to our strategic growth as we seek to combine cutting edge technology with boots-on-the-ground expertise in local territories to simplify international trade for businesses of all shapes and sizes.
“Our dedicated proposition for the alternative investment management sector will also play a key role in supporting this sector in Ireland which is a global epicentre for domiciling fund assets.
“I look forward to the new opportunities this office will bring in terms of enhancing our tailored services, furthering our clients’ success and attracting new talent in the dynamic Irish market.”
