Galway cash transfer firm closes in on €1 million of funding

Galway cash transfer firm closes in on €1 million of funding
Julian Callaghan and Ollie Walsh of PiP iT: ‘Our fees are 1.5 per cent. To put it into some context, for a developing nation, one year’s health insurance in Ghana is $5,’ said Walsh Pic: Michael Dillon

Galway fintech PiP iT will ramp up on both funding and staff this year as it takes its unique cash transfer technology into new territories.

Funding will reach close to €1 million when it adds private US and Kuwaiti investor money to Enterprise Ireland funds later this year.

The company, which has devised cash transfer software that helps migrants pay bills and bank money back at home while they are working overseas, partners with international payment...

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