Ireland's fintech sector has delivered exceptional performance despite global headwinds, attracting nearly €1 billion (€997.8m) in investment over the past 5 years. While European fintech VC deal activity levelled off in 2023, Irish fintech experienced an exceptional year with the second-highest year for deal volume in a decade, attracting €266.3 million in investment, representing the second-highest annual deal volume in a decade, according to a new Enterprise Ireland report powered by PitchBook data.
Enterprise Ireland is ranked among the top three most active European fintech investors in 2024, driven by strategic focus on early-stage companies where the organisation excels.
The robust investment activity reflects Ireland's growing position as a global financial services hub, now hosting over 400 international financial firms – including half of the world's top 50 banks and over 200 Irish-born fintech and financial services companies.
Leading the Irish delegation to Money2020 Europe, Ireland’s Minister with special responsibility for Financial Services, Credit Unions and Insurance, Robert Troy TD, said: “Ireland has achieved a well-earned reputation as a global destination for financial innovation with a leading position in fintech, reflecting the country’s success in attracting major firms and fostering a vibrant startup ecosystem. Ireland is home to over 400 financial services companies, including global players like Stripe, PayPal, and Square, as well as homegrown innovators such as FEXCO, Fenergo and TransferMate. This ecosystem is supported by a highly skilled workforce, a strong regulatory framework, and underpinned by the Irish government’s “Ireland for Finance” strategy.
“Fuelled by AI and cutting-edge technologies, Ireland’s fintech and financial services ecosystem is dynamically adapting to global changes, driving innovation and delivering smarter, more inclusive financial solutions for the future. Money2020 is an important international platform to showcase this,” added Minister Troy.
Anna-Marie Turley, Head of Enterprise Ireland’s fintech and financial services portfolio commented: "Ireland’s dynamic landscape of fintech companies, particularly in the areas of regtech, payments, digital identity, sustainable finance, and AI highlights the strength, innovation and diversity present in Irish financial services. Critically, there is a very strong level of R&D investment in the fintech space in Ireland. Enterprise Ireland’s fintech clients have invested over €600 million in R&D between 2018 and 2023.
“With fundraising budgets tightening globally, Enterprise Ireland’s strategic investments, and the Irish government’s support for innovation, will help firms to scale further and ride out disruptions in the global trading environment. Money20/20 is an important platform to showcase the scale of fintech innovation from Ireland, which is delivering for a global industry,” added Anna-Marie Turley.
Over 20 Irish fintech companies are participating at Money2020 this year and will be showcased at the Irish Pavilion (stand 1H130) including industry heavy weights FEXCO, TransferMate, ID-Pal, Know Your Customer, DAON and rising stars such as Apata, Dimply, Prommt, Splink, CleverCards, Continuum Commerce, Engage Hub, Facilipay, among others.
Enterprise Ireland is set to build a strong presence at this year's Money20/20, promoting Ireland as a centre of excellence and innovation for regtech, fintech and financial services, and celebrate the success of Irish fintech and financial services companies across the European market. Money20/20 offers Enterprise Ireland clients unparalleled opportunities to expand their reach in Benelux and beyond.
Key events across the conference include:
Taste of Irish Fintech @ Money20/20 – an Irish drinks reception at the Enterprise Ireland Stand (stand 1H130) Tuesday 3 June, 14:00–15:00
Enterprise Ireland Money20/20 Networking Event for partners with Guest of Honour Robert Troy TD, Minister of State at the Department of Finance
Breakfast Networking Roundtable on The Future of Payment with Artificial Intelligence – Wednesday, 4th June 2025 8am to 9:15am
EU Competitiveness and Fintech Innovation in Ireland - Robert Troy TD, Minister of State at the Department of Finance, will be on stage joined by Fortune's Europe Business Reporter Ryan Hogg, to offer his thoughts on creating an attractive ecosystem for founders, growth, and talent. Wednesday 4 June,14:30—15:00 at Briefing Stage
Read more about the participating companies and the Ireland Pavilion at Money20/20: https://www.enterprise-ireland.com/en/events/money2020
Meet the Irish fintech delegation at the Enterprise
