Financial technology firm Sentenial has announced it will hire 110 staff as the company expands to meet demand for its payment technology.
The Maynooth based Sentenial is Europe’s leading payments solution provider and implementation partner, helping banks and businesses prepare for the switch to the Single Euro Payments Area (SEPA) on 1st February 2014.
Sentenial’s technology has been chosen by five out of Europe’s top ten banks and in Ireland is used by all the main clearing banks.
When the switchover to SEPA is made next year, Sentenial’s technology will be responsible for processing over €60bn worth of payments a year for companies and banks across Europe.
SEPA will provide a common payment processing system across the European Union, enabling cross-border payments to be completed as easily as domestic transfers, reducing costs and complexity for all bank account users.
Sentenial Chief Executive and Founder Sean Fitzgerald said: “The expansion we’re announcing will help support the rapid growth we have experienced in 2013 and the pipeline of opportunities in coming months.”
Sentenial already employs 160 staff, having added 100 people in the past 12 months, making it one of Ireland’s fastest growing indigenous technology companies. The new roles will be filled by the end of 2014, with 30 to be advertised before Christmas. Sentenial is chaired by Kevin Lomax.
Former EU Commissioner Charlie McCreevy joined the Sentenial board in 2011, and former A&L Goodbody managing partner and Ryanair director James Osborne has been on the board since 2006.