CurrencyFair merger to create hundreds of jobs in next few years

Irish fintech company CurrencyFair is to merge with Assembly Payments, an Australian company that automates complex payment workflows, after a strategic investment from Standard Chartered’s SC Ventures.

Pending shareholder and regulatory approval, CurrencyFair’s headcount will immediately go from 90 to 160 and is expected to further grow to 450 over the next four years.

Financial terms of the transaction were not disclosed but CurrencyFair has raised more than €20m to date, according to Crunchbase.

Payments platform CurrencyFair is headquartered in Ballsbridge, Co Dublin, where it was founded in 2009. It offers cross-border payment services in 20 currencies and has onboarded more than 150,000 customers.

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Source: CurrencyFair merger to create hundreds of jobs in next few years