VC firm Finch Capital has earmarked EUR20 million for investment in Irish fintech-focussed startups after scoring EUR10 million from State agency Enterprise Ireland.
Enterprise Ireland is topping up Finch's second fund, which closed last year with commitments of EUR110 million.
In exchange, the VC is turning its attention to Irish firms, opening a Dublin office as it eyes promising fintech startups in areas including AI, security and the Internet of Things.
Radboud Vlaar, partner, Finch Capital, says: "Finch Capital recognises that Ireland has established itself as a leading European Fintech and technology hub, and we are delighted to be establishing a presence here in the Irish market to support bold entrepreneurs transforming the financial services industry."
Ireland has set its sights on becoming a fintech hub, an effort which has received a boost from Britain's Brexit. Last year, the government launched a five year, EUR5 million fintech research and development project.