Tag: moneyjar

Irish Fintech Money Jar Announces 100 New Jobs

Today, Irish owned fintech, Money Jar, announced the creation of 100 new jobs to drive expansion of the company in Ireland and across Europe. The highly skilled roles in software engineering, compliance and security, product management and design, marketing, sales, account management and customer support, will enable Money Jar to scale its platform and footprint internationally.

Money Jar met with An Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar earlier today to brief him on the expansion and job creation. Speaking ahead of the meeting, Leo Varadkar said: “It’s fantastic to see an Irish company go from strength to strength and see such success. 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. I wish the team all the very best with this next stage.”

Commenting on the expansion at Government Buildings today, Chief Technology Officer and co-founder of Money Jar, Johan Reveillard, said: “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. 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.”

Money Jar currently employs 22 people and has ambitious plans to ensure efficient, convenient, and secure digital financial management for its customers and to develop its services in line with this. John Harkin, Executive Chairman of Money Jar, said: “Money Jar is one of the most diverse and fully functioning neobanks on the market today. 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.”

The expansion plans have been realised with the support of Enterprise Ireland through its High Performance Start Up programme. Jenny Melia, Manager of the Technology & Services team at Enterprise Ireland commented: “Ireland’s reputation for Fintech excellence continues with Money Jar. We are delighted to support Money Jar to expand internationally. It is an ambitious growth strategy, and the employment plans are tangible evidence of the potential of this Irish-owned start-up.”

Founded in 2019, Money Jar is the only Irish fintech to offer an Irish IBAN to enable customers to complete their day-to-day transactions online. It is also the only digital current account to offer cash lodgement through collaboration with Payzone. And, Money Jar can manage cross-border transfers, allowing transactions in several foreign currencies through its partnership with Currency Cloud, a leader in international payments.

Recruitment for the 100 new roles has already begun with a view to 50 jobs being created by July 2023 and 100 jobs by the end of March 2024. The roles will be made available to people not only in Ireland, but remotely across Europe. The lifting of restrictions, coupled with remote working has created a cohort of customers that are digitally savvy. Financial management at your fingertips is more important than ever.

MONEY JAR – The First Irish-Owned Digital Current Account Platform, Open an account in 5 mins.

Money Jar is a dynamic and revolutionary new approach to banking that allows customers to open an account when it suits and in just 5 minutes. Opening a traditional bank account in Ireland can be cumbersome, requiring a lengthy approval process and often a long wait time to get an appointment for a meeting in the branch. Money Jar is a digital current account with convenient sign up and, unlike other major fintech platforms, Money Jar customers get an Irish IBAN, can pay bills, and receive wages. Money Jar offers unlimited money jars that can be shared with friends, to help customers stay on top of personal spending and improve long term financial wellbeing through better money management.

Money Jar is an Irish-owned fintech business headquartered in Dublin. All funds are held by a Tier 1 state owned Irish bank, which is regulated by the Central Bank of Ireland. Money Jar can set up digital current accounts quickly using its industry leading facial recognition technology. Money Jar has the best of what traditional banks have to offer, but with the convenience that all things digital can deliver, plus customers can talk to Money Jar’s Irish based customer care team if they need a helping hand.

Money Jar’s technology platform allows quick and safe identity verification to make the entire process straightforward and painless. Partnering with Mastercard, Apple Pay, Google Pay, Veriff and EML, Money Jar offers a safe and secure platform. When customers open an account with Money Jar, they are given a free virtual Prepaid Mastercard with contactless payments, at no additional cost. For those that prefer a physical card, they can order a Prepaid Mastercard from the app for €5, which will be delivered to their door. Money Jar fees are transparent and competitive. There is a monthly service fee of €2.99, free for the first four months, and pay as you go transaction fees. Money Jar promotes responsible, money management.

John Harkin, the Executive Chairman of Money Jar, said: ‘Consumers in Ireland have always been early adopters of technology, and this is no different in the banking sector. We know that *78% of Irish consumers manage their  money or make payments using mobile devices, and a quarter have a digital bank account. Digital banking in Ireland is growing at an exponential rate. At Money Jar, we have seen this trend first hand with our customer growth rate at 70% month on month. Money Jar is a dynamic new approach for customers to manage their money.’

Money Jar enables consumers on the Money Jar platform to transfer money peer to peer instantly at no cost, as well as enabling users to pay bills, set up standing orders, and direct debits, and transfer money in and out using SEPA, as well as using it for contactless payments. Accounts can only be accessed by using pass codes, biometrics, and a two-step verification, making a Money Jar digital current account a safe choice – no sensitive data is stored in the app or cached on the mobile device. Today, many people use two separate accounts, a primary account for bills and wages, and a secondary account for mobile transactions. Money Jar provides a one stop solution for all of these tasks that is fast, efficient and reliable.

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