Fintech

Former Waystone trio back Irish fintechs with new vehicle’s €17.5 million investment

New investment vehicle aims to back companies that are experiencing difficulties securing funding from VCs

Derek Delaney, DataOp: ‘We have been getting approached by lots of Irish early-stage firms which are struggling to raise from a VC market that has largely dried up’

Three top executives who last year quit Waystone, the Dublin-headquartered financial services group, have launched a new investment vehicle to invest in Irish fintech firms.

DataOp has already provided €17.5 million in investment to a number of companies with further deals to close shortly.

The rationale before the new investment vehicle is that there is a deep pool of innovators in Ireland that are constrained in achieving their potential due to a lack of available ...