Pip IT takes cash transfer system to 25 new countries

Julian Callaghan and Ollie Walsh of Pip IT. Michael Dillon

Fresh funding of €1.3 million will see Galway fintech Pip IT expand into 25 new territories internationally in the months ahead.

The company’s second investment round closed last April led by Chicago-based fintech fund West Loop Ventures.

Also in the round were state agency Enterprise Ireland and a number of angels in Ireland, Britain and the US.

Established in 2014, Pip IT has developed cash transfer software that helps migrants to pay bills ...