Wednesday June 3, 2020

Kerry fintech guru Murphy sees revenues rise at Rachro

Barry J Whyte

Chief Feature Writer

18th November, 2018

The company through which Kerry entrepreneur Frank Murphy controls his 85 per cent stake in fintech firm Monex saw its revenue rise by €4.5 million to nearly €113 million in 2017.

Murphy’s Rachro Limited made money from the processing of more than €40 billion in card transactions, but its rising costs – mostly attributable to infrastructure investments – meant that “gross profit from service provision decreased by 2.85 per cent from €12.5 million in 2016 to €12.2...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 1 month ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago