Venture capital ‘needed’ to back Irish tech firms

The Irish financial technology sector needs more regional venture capital firms and a greater number of investments of up to €2m to realise its full potential, a leading expert has claimed.

Con Quigley, corporate finance partner and venture capital analyst with financial services firm BDO, said Ireland has an “exceptional ecosystem” for financial technology companies but said it must also address some key issues.

Chief among these issues is the lack of investments of €500,000 to €2m to help companies scale.