Irish-owned fintech Money Jar is creating 100 jobs as it seeks to develop the platform and expand the company in Ireland and across Europe.
It will be a significant increase in size for the company, which currently employs 22 people. The new roles will be across software engineering, compliance and security, product management and design, marketing, sales, account management and customer support.
Founded in 2019, Money Jar offers a digital current account with an Irish IBAN and the ability to lodge cash through a collaboration with Payzone. It can manage cross-border transfers, with transactions in several foreign currencies facilitated through a partnership with international payments company Currency Cloud.
“Money Jar is one of the most diverse and fully functioning neobanks on the market today,” said John Harkin, executive chairman of Money Jar. “The expansion and the creation of 100 new jobs will allow us to further our commitment to promote responsible money management in Ireland and across Europe.”
Recruitment has already begin, with Money Jar expecting to fill the first 50 roles by July 2023, and the remainder by March 2024. Jobs will be available both to people in Ireland and remotely across Europe.
“The leading-edge technologies that underpin the Money Jar platform are security, functionality, and usability. At Money Jar we have been very adept at harnessing technological innovations to launch new functionality, generate value for the consumer, and shape the competitive landscape,” said co-founder of chief technology officer of MoneyJar Johan Reveillard. “With these new roles, we will continue to challenge traditional financial institutions and their offering, as they will need to invest considerably on top of the gathering wave of financial industry disruption.”
The expansion is being supported by Enterprise Ireland, through its high potential start-up programme.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar welcomed the announcement. “It’s fantastic to see an Irish company go from strength to strength and see such success,” he said. “We’ve worked hard to create a warm and welcoming environment for our tech entrepreneurs and it’s really encouraging to see Money Jar’s ambitious growth plans and their progress to date.”
