Cynergy Bank chief Nick Fahy told The Currency in March he could look to raise around £200m. Now, the bank has appointed Perella Weinberg Partners to lead the process.
SumUp and Square have amassed significant market share in Ireland but their Irish businesses are rapidly evolving beyond just accepting payments, according to their CEOs.
The digital bank lends to businesses with a "strong UK nexus", including Irish aparthotel business Staycity, which recently secured a £77m loan. Now its head of debt finance Ben Barbanel tells The Currency why OakNorth has opted to push into the US over the EU.
London has long been dominant in fintech. Politicians, regulators, founders, and stakeholders have been plotting The City's plans to retain its leadership position.
The British fintech bank, last valued at €5.3bn, is in the process of building out an Irish arm in order to operate in the European market. It has already made a series of high-profile hires and invested millions into its Dublin entity.
International law firm Hogan Lovells set up in Ireland in the wake of Brexit. Partner Eimear O'Brien speaks of the continued stream of firms choosing Ireland for European access.
Nick Fahy, the chief executive of UK SME lender Cynergy Bank, speaks to The Currency about the need for more competition, a prospective funding round, and the role of AI in banking.
Finance leaders convened in London for the MoneyLive conference last week. They highlighted the opportunities of AI, the risk of ageing populations, and the "symbiotic" relationship between banks and fintechs.
Revolut UK CEO Francesca Carlesi outlined the fintech's plan to graduate from its "teenage years" and make it "top of mind" for any financial need. New offerings include business banking and more lending in countries like Ireland.
After years of watching competitors leave the market, the Irish banking sector is about to receive some stiff competition this year.
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