Fintrax ‘on block’ 3 years after sale
Fintrax — which was founded in Ballinahown, Co Galway — provides, via subsidiary firms, Vat refund services for tourists buying goods overseas and currency conversion technology to allow for credit card purchases to be made in the buyer’s home currency when abroad. The company, established in the early 1980s by Gerry Barry, changed hands in 2012 when acquired by British private equity company, Exponent.
Mr Barry commercially launched the Vat-back service in Shannon Airport in 1985. Since then, the company has grown to be the second largest in its field and employs around 400 people across offices in 23 countries outside of Ireland.
