CurrencyFair to create 50 new jobs in Dublin
CurrencyFair last year broke through the $1bn exchange level last year and is now hurtling towards $2.5bn in currency trading

CurrencyFair to create 50 new jobs in Dublin

29 Oct 20151.35k Views

Person-to-person money exchange service CurrencyFair is to create 50 new jobs at its Dublin headquarters. The company harbours ambitions to take on the lucrative US market.

CurrencyFair currently employs around 80 people in Ranelagh, Dublin but is about to move into new offices in Ballsbridge.

It is understood that at least 50 new employees are to be taken on in the next year.

A further expansion is set to follow as the peer-to-peer currency service takes over the former Bank of Ireland building next to the US embassy in Dublin 4 with capacity for up to 200 people.

The expansion follows a €10m fundraising round in April led by Octopus, an investor that targets entrepreneurs and fast-growth companies – and included Frontline Ventures.

CurrencyFair last year burst through the $1bn barrier for money-matching transfers and is now speeding towards a figure of $2.5bn.

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Currency exchange image via Shutterstock

By John Kennedy

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years. He joined Silicon Republic in 2002 to become the fulcrum of the company’s news service. He received of the Irish Internet Association’s NetVisionary Technology Journalist Award 2005 and saw Siliconrepublic.com awarded ‘Best Technology Site’ at the Irish Web Awards seven times. In 2011 he received the David Manley Award commending him for his dedication to covering entrepreneurs. His interests include all things technological, music, movies, reading, history, gaming and losing the occasional game of poker.

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