Fintru, a tech-based regulatory solutions company, is to create 300 new jobs over the next five years with the establishment of a new facility in Co Donegal.
The group, which specialises in the areas of compliance, legal, operations, and risk and control, plans to build a European Delivery Centre in Letterkenny.
The company was established in 2013 and is headquartered in Belfast. It designs technology-enabled solutions for investment banks across the world.
It employs more than 1,000 people worldwide with offices in Belfast, Derry, Dublin, London, Maastricht, and New York.
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Fintru founder and chief executive Darragh McCarthy said: “We already employ several people from Letterkenny and Donegal, so it was a natural step for us to open an EU Delivery Centre right here in Letterkenny.
“The highly educated and ambitious talent based here in Donegal was a major motivating factor in Fintru choosing Letterkenny as the next EU base. This new location will further support Fintru as we continue to work with the largest international investment banks across the world.”
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Fintru is recruiting in the areas of compliance, legal and operations. It has also launched a graduate recruitment programme, the Fintru Financial Services Academy, with applications now being accepted. Candidates will be considered from all degree disciplines.
IDA Ireland chief executive Martin Shanahan said: “Last week, IDA Ireland announced that 73 of the 155 investments won by the agency in the first half of 2022, went to regional locations, including here in Co Donegal.
“The mid-year results announced last week and this announcement today, demonstrates IDA Ireland’s continued commitment to winning jobs and investments in regional locations. This is, without doubt, a red-letter day for Letterkenny.
“This investment, creating 300 jobs in this region is hugely significant. It represents confidence by Fintru in the northwest and will be a substantial boost to the local economy.”
