A woman holding a phone in one hand and a credit card in the other, showing her transferring money.
Image: © Farknot Architect/Stock.adobe.com

Fintech company Remitly creates 120 jobs in Cork

7 Apr 2022

The company is set to double its Cork workforce over the next six months as it expands its fraud and compliance hub.

Remitly, which provides digital financial services for immigrants and their families, is increasing its Cork operations and creating 120 new jobs.

The roles will include customer protection associates, customer success team managers, program specialists and compliance analysts.

The US company was established in Seattle in 2011 and employs more than 1,800 full-time workers around the world.

Remitly aims to eliminate the unnecessary forms, codes, agents, time and fees associated with the traditional money transfer process. It has served more than 5m customers across 75 currencies.

In 2019, the fintech almost hit the $1bn valuation mark after a $220m funding raise. In June 2020, it established a fraud and compliance centre of excellence in Cork. A month later, it raised $85m in funding to fuel its growth, giving it a valuation of $1.5bn.

Remitly is looking to fill its newly announced jobs in Cork over the next six months.

The company has recently taken nearly 20,000 sq ft at Penrose Dock, a new office complex in Cork’s docklands.

Tánaiste and Minister for Enterprise Trade and Employment Leo Varadkar, TD, said the announcement was great news for the city.

“I’m sure the company will have no problem filling the new roles with the wealth of talent in the area. The very best of luck.”

Remitly’s chief customer and people officer, Rene Yoakum, said the company is excited to grow its Cork team.

“We are working to transform the way immigrants send money globally and doing it in a way that is truly customer centric. We look forward to welcoming 120 new Remitlians to the team who share our passion for serving customers, solving fascinating problems and having fun with talented colleagues.”  

Dermot Kennedy, director of Ireland operations, added that IDA Ireland has supported Remitly in its expansion plans.

“Industry alignment is also key and we have been able to partner with University College Cork and Cork Institute of Technology, which is exciting for us as we look to our future in Cork,” he said.

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Jenny Darmody
By Jenny Darmody

Jenny Darmody became the editor of Silicon Republic in 2023, having worked as the deputy editor since February 2020. When she’s not writing about the science and tech industry, she’s writing short stories and attempting novels. She continuously buys more books than she can read in a lifetime and pretty stationery is her kryptonite. She also believes seagulls to be the root of all evil and her baking is the stuff of legends.

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