These are exciting times for our client, Irish fintech firm PerfectCard, which made a media splash with the announcement that the major Australian payments player EML Payments has acquired a majority state in their operation in a €6 million deal.
The move will see PerfectCard, which has offices in Wicklow and Galway, expand in Ireland as its Galway base is to become EML’s global hub for technology and innovation as part of the acquisition. The expansion is expected to lead to jobs growth for PerfectCard in Galway over the next two years.
“As a company, our headquarters will very much remain in Ireland. While we will have a majority shareholder somewhere else, the heart and mind of the company has to remain in Ireland and I don’t see that changing,” PerfectCard’s founder and CEO, Nikki Evans, said.
PerfectCard, which employs 20 people in Dublin and Galway, started out providing gift cards for Irish retailers before growing its suite of products to include employee reward and company expense tools. It now supports more than 50 programmes within Ireland and the UK, including customers such as Dell, Deloitte, Allianz and PepsiCo.
It is exciting to work with a dynamic Irish company which is going through the transition from being an indigenous start up to becoming a subsidiary of a PLC. PerfectCard’s major news was picked up by media outlets across the country including the Sunday Business Post, Independent.ie, Irish Examiner, Silicon Republic and Tech Central as well as a host of local media.