A Galway-based start-up company has hired 8 new staff at its Galway office in 2018, with plans to recruit a further 17 over the next 12-18 months.
The expansion of PiP IT Global follows a successful fundraising exercise earlier this year, when they secured over €1 million from private investors and Enterprise Ireland.
The company allows migrants living and working around the world, who are often denied access to backing facilities most people take for granted, to pay bills and transfer money overseas at a fraction of the cost and time taken by the more traditional international payment providers that currently dominate the market
Ollie Walsh, CEO and co-founder of PiP iT says they are trying to remove the two main obstacles migrants face when transferring money – risk and cost.
Mr Walsh explained that, when he moved to the UK in 2014, he found that as a migrant, it can take up to a year to open a bank account overseas.
His company has now developed technology which will now allow people to go to a post office branch and lodge money into their bank at home at a fraction of the cost.