It was announced today that Irish-international fintech company, Fexco has opened a new building in Killorglin, Co Kerry, which will house its own Research Development and Innovation Centre alongside an RDI Hub.

Fexco has invested over €21m in the project which was opened today by Minister of State for Transport and Sport, Brendan Griffin and the CEO of Enterprise Ireland, Julie Sinnamon. The project is backed by Fexco, IT Tralee and Kerry County Council.

Over 125 Fexco staff will work in 37,000 sq ft of the building that is to house the company’s global R&D, Innovation and IT activities, and is aimed at driving Fexco’s continuing development as a leading global fintech company.

The west wing of the building has been donated by Fexco to become of the home of RDI Hub, and house 136 people on its programmes and in its co-location space. RDI Hub was established last year as a not for profit public-private partnership facilitating innovation and start-ups in the fintech and artificial intelligence (AI) sectors.

Commenting on today’s announcement, CEO of Fexco, Denis McCarthy said, "This new building signals our commitment to providing world-class innovative fintech solutions to a global audience as well as supporting our local community, through job creation and local investment."

Chief Executive of Enterprise Ireland, Julie Sinnamon added, "The new building Fexco has constructed here in Killorglin is a symbol of the diversification of the economy of the region from its past to a new high-tech future. Fexco and RDI Hub will help strengthen the Southwest’s position as a globally connected financial services and ICT skills hotspot, providing high quality jobs and supporting innovation and entrepreneurship."

Source: www.businessworld.ie