Today, Irish owned fintech, Money Jar, announced the creation of 100 new jobs to drive expansion of the company in Ireland and across Europe. The highly skilled roles in software engineering, compliance and security, product management and design, marketing, sales, account management and customer support, will enable Money Jar to scale its platform and footprint internationally.
Money Jar met with An Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar earlier today to brief him on the expansion and job creation. Speaking ahead of the meeting, Leo Varadkar said: "It's fantastic to see an Irish company go from strength to strength and see such success. We've worked hard to create a warm and welcoming environment for our tech entrepreneurs and it's really encouraging to see Money Jar's ambitious growth plans and their progress to date. I wish the team all the very best with this next stage."
Commenting on the expansion at Government Buildings today, Chief Technology Officer and co-founder of Money Jar, Johan Reveillard, said: "The leading-edge technologies that underpin the Money Jar platform are security, functionality, and usability. At Money Jar we have been very adept at harnessing technological innovations to launch new functionality, generate value for the consumer, and shape the competitive landscape. With these new roles, we will continue to challenge traditional financial institutions and their offering, as they will need to invest considerably on top of the gathering wave of financial industry disruption."
Money Jar currently employs 22 people and has ambitious plans to ensure efficient, convenient, and secure digital financial management for its customers and to develop its services in line with this. John Harkin, Executive Chairman of Money Jar, said: "Money Jar is one of the most diverse and fully functioning neobanks on the market today. The expansion and the creation of 100 new jobs will allow us to further our commitment to promote responsible money management in Ireland and across Europe."
The expansion plans have been realised with the support of Enterprise Ireland through its High Performance Start Up programme. Jenny Melia, Manager of the Technology & Services team at Enterprise Ireland commented: "Ireland's reputation for Fintech excellence continues with Money Jar. We are delighted to support Money Jar to expand internationally. It is an ambitious growth strategy, and the employment plans are tangible evidence of the potential of this Irish-owned start-up."
Founded in 2019, Money Jar is the only Irish fintech to offer an Irish IBAN to enable customers to complete their day-to-day transactions online. It is also the only digital current account to offer cash lodgement through collaboration with Payzone. And, Money Jar can manage cross-border transfers, allowing transactions in several foreign currencies through its partnership with Currency Cloud, a leader in international payments.
Recruitment for the 100 new roles has already begun with a view to 50 jobs being created by July 2023 and 100 jobs by the end of March 2024. The roles will be made available to people not only in Ireland, but remotely across Europe. The lifting of restrictions, coupled with remote working has created a cohort of customers that are digitally savvy. Financial management at your fingertips is more important than ever.
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