Prepaid Financial Services (PFS) Announces the Creation of 50 New Jobs

Sep 13, 2016, 04:59 ET from Prepaid Financial Services (PFS)

LONDON, September 13, 2016 /PRNewswire/ --

Alternative banking provider and financial technology specialist Prepaid Financial Services (PFS) today announces the creation of 50 new jobs in the UK, Ireland, and Malta following explosive growth during the first six months of 2016.

The majority of roles will be based in the company's Irish offices in Navan. Founder and CEO Noel Moran hopes to see Navan, located in County Meath, develop into a FinTech hub for up-and-coming companies that will one day rival Dublin, home to several tech giants including Google, Facebook, and Amazon.

Thirty new staff will be employed at the Navan location to support the business' fast-growing customer base, with the remaining twenty positions being split across sales, marketing, and IT positions in the London and Malta offices.

Noel Moran, CEO, said: "The last 12 months have seen explosive growth for PFS and our half year results have been fantastic with 60% growth from 2015 and projected EBIT for 2016 of £6.5 million. We have had some significant contract wins over the last 6 months so we are looking to bring some new people on board who share our ethos to keep driving the business forward. We have been incredibly successful across the EU and now have our sights set on global expansion.

The revenue generated by programmes across Europe has allowed us to invest in creating new jobs in the UK FinTech industry, which has been uncertain in the wake of Brexit, as well as growing our business in Ireland and Malta. As we fill positions internally wherever possible, this will also result in PFS being able to open up exciting career development opportunities to our existing employees."

New roles will be announced in the upcoming weeks with the aim to fill all positions within 5-6 months. 

Notes to editors 

About Prepaid Financial Services: 

Prepaid Financial Services (PFS) is an award winning payments technology specialist offering a comprehensive range of e-money and banking solutions including e-wallets, physical and virtual prepaid cards and current accounts in the UK and the Eurozone. Authorised and regulated by the FCA in the UK, PFS has passported its e-money license across the SEPA region to enable card issuance throughout the region.

Founded in 2008, PFS is now one of the fastest growing issuers in Europe, with programmes live and active in 23 countries with the ability to transact in 20 different currencies. Its products and cutting-edge technology platforms are utilised by governments, local authorities, mobile network operators, banks and corporates globally.

PFS has been listed within the top 25 fastest growing technology companies in the UK by the Sunday Times Tech Track 100 for 3 consecutive years and most recently ranked number 108 in Deloitte's EMEA Technology Fast 500.

For more information about PFS's payment solutions please contact sales@prepaidfinancialservices.com

SOURCE Prepaid Financial Services (PFS)