Destination Donegal: Quality of talent in Ireland’s North West made expansion in Donegal the obvious choice for FinTrU.
Regtech business FinTrU is to create 300 new jobs over the next five years at a new European Delivery Centre in Letterkenny.
FinTrU is a technologically-enabled Regulatory Solutions company, specialising in the areas of KYC (Know Your Customer), Compliance, Legal, Risk and Controls and Operations.
“The highly educated and ambitious talent based here in Donegal was a major motivating factor in FinTrU choosing Letterkenny as the next EU base”
Established in 2013 and headquartered in Belfast, FinTrU designs technology-enabled solutions for investment banks across the world. FinTrU currently employs more than 1,000 people worldwide with offices in Belfast, Derry, Dublin, London, Maastricht and New York.
In March 2022, FinTrU was named by the Financial Times as one of Europe’s fastest growing companies for the second year in a row.
Red letter day for Donegal
“We are extremely excited to announce the news of our North West regional expansion with the establishment of our Letterkenny site,” said FinTrU founder and CEO Darragh McCarthy.
“FinTrU has enjoyed a great relationship with the North West region, having set up our Derry office in October 2018, with over 300 employees presently working at this site.
“We already employ several people from Letterkenny and the wider County of Donegal, so it was a natural step for us to open an EU Delivery Office right here in Letterkenny. The highly educated and ambitious talent based here in Donegal was a major motivating factor in FinTrU choosing Letterkenny as the next EU base. This new location will further support FinTrU as we continue to work with the largest International Investment Banks across the world.
“FinTrU has forged a great partnership with IDA Ireland, Donegal County Council, Donegal Education & Training Board (ETB) and the Atlantic Technological University over the years and we are delighted to be working with them in delivering this project over the years to come,” McCarthy said.
FinTrU is currently recruiting in the areas of compliance, legal and operations. To explore these opportunities, visit here.
It has also launched a graduate recruitment program, the FinTrU Financial Services Academy, with applications now being accepted. Candidates will be considered from all degree disciplines.
IDA Ireland CEO Martin Shanahan said: “Last week, IDA Ireland announced that 73 of the 155 investments won by the agency in the first half of 2022, went to regional locations, including here in Co. Donegal. The mid-year results announced last week and this announcement today, demonstrates IDA Ireland’s continued commitment to winning jobs and investments in regional locations
“This is, without doubt, a red-letter day for Letterkenny. This investment, creating 300 jobs in this region is hugely significant. It represents confidence by FinTrU in the North West and will be a substantial boost to the local economy. I wish FinTrU every success with this expansion.”