Fondy, the Ukrainian-founded payments start-up, had big designs on building a substantial Irish business before those plans withered away. Since that time, the company has a new owner, and it has been pumping funds into the seemingly moribund Irish subsidiary. Earlier this year, the start-up was acquired by TBC Bank, a Georgian bank, listed in London, with operations in its home market and Uzbekistan. Filings with the Companies Registration Office show TBC investing €300,000 into Fondy in Ireland in August. Is the company’s Irish operations set for a revival? TBC declined to comment on the filings. While TBC’s acquisition of…

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