Business

State agency now world‘s second-biggest fintech investor

State agency now world‘s second-biggest fintech investor

Some are surprised to learn that Enterprise Ireland is one of the largest and most successful fintech investors in the world. The number one fintech investor is California‘s Y Combinator, described by The New York Times as a ‘startup machine‘. Last year it invested in 29 companies. The second most active in the world was Enterprise Ireland, with 23. That […]

YouTube news drive ignores facts

YouTube news drive ignores facts

Another week, another hand-out from the technology sector to the media industry. This time it‘s Google, as it so often is, which is supporting the media. Or Google‘s YouTube, to be exact. The video platform is going to spend $25m to build ‘a better news experience on YouTube, together.‘ Presumably the word ‘together‘ was added by some PR whizz to […]

RTE and the Department of Communications locked in discussions over €108m windfall

RTE and the Department of Communications locked in discussions over €108m windfall

and the Department of Communications are locked in discussions about how the broadcaster spends its windfall from the €107.5m sale of land at its Donnybrook site. Documents released under the Freedom of Information Act show that significant discussions around the use of the extra money have been ongoing between RTE, the department and the Broadcasting Authority of Ireland (BAI). These […]

Ireland to become EU YouTube watchdog

Ireland to become EU YouTube watchdog

Ireland is set to play a central role in policing material on YouTube under an updated EU directive on broadcasting. EU-wide rules, which will be finalised later this year, have been extended to cover video-sharing platforms. YouTube owner Google has its main European operations in Dublin where it employs 7,000 people, which means that the vast role of enforcing the […]

Ryanair warns of long term hit by Irish strikes

Ryanair warns of long term hit by Irish strikes

Unresolved long-term industrial relations issues between management and its Irish pilots could ultimately hit future expansion by the airline here, a senior manager at the airline has indicated. “It is too early to say that there is any implication to Ryanair‘s business in Ireland at this stage but everyone should remember aircraft are moveable assets,” said Ryanair chief marketing officer […]

iNua hotels to expand after raising €97m

iNua hotels to expand after raising €97m

Private individuals poured close to €20m into the €97m refinancing of regional hotel group iNua Hospitality, according to Cork-based investment firm Blackbee. David O‘Shea of Blackbee, said that the firm had raised €39m in equity with about half coming from Irish pension funds and half from wealthy individuals. There was a minimum investment of €25,000 required, according to Blackbee documentation. […]

Fintech Chasing Returns secures €600k

Fintech Chasing Returns secures €600k

Irish fintech Chasing Returns closed a €600,000 funding round last week, securing funding from Goldman Sachs and JP Morgan as well as a number of Irish tech entrepreneurs. The fintech company, which builds risk management solutions for financial traders, said that the funding round had been over-subscribed. The company now has 20,000 traders in 82 countries on its platform, including […]