Full coverage: Prepaid FInancial Services

The Australian payments firm has also confirmed that it is engaged with several buyers in relation to Sentenial, the Kildare fintech it acquired in June 2021 in a deal worth up to €110 million.

Burning cash and under the watch of regulators, the main Irish company operating Australian-acquired Prepaid Financial Services is now set to lose its directors.

This week, Prepaid Financial Services announced it is to be sold to Australia’s EML Payments for up to €327 million. Sean Keyes met with the founders Noel Moran and his wife Valerie, who started the company in 2007 and could walk away with €266 million.