Fintech startup Trezeo wins NDRC Investor Day, in partnership with Bank of Ireland

Source: NDRC

A highly innovative digital startup Trezeo is the winner of NDRC Investor Day Autumn 2017, securing €30,000 in follow-on investment from the country’s most successful digital accelerator and early stage investor.

A fintech business, Trezeo provides financial stability for self-employed workers in the gig economy by turning unpredictable income streams into reliable and regular payments, with no interest or hidden fees involved. Subscribers pay a subscription fee for the service.

Trezeo was founded by two highly experienced financial services and technology professionals, Garrett Cassidy (CEO) and Flavien Charlon (CTO). Trezeo is launching a pilot in the UK in November and is raising funding to launch its full product in 2019. The company recently won the Payments Dragons’ Den competition at PayExpo Europe in London.

At the NDRC Investor Day today, there were 11 companies pitching to a panel of investors in sectors ranging from equestrian sports data management software, online music community platforms and on to continuous development for medical professionals, all looking to secure next stage investment and continue their path to growth.

Judges included experienced investors Ben Hurley, CEO NDRC; Nicola McClafferty, Draper Esprit; Steve Collins, Frontline Ventures and David Bowles, Delta Partners. NDRC’s Investor Day is run in partnership with Bank of Ireland.

NDRC builds and invests in digital startups. To date, NDRC companies have generated more than 1,600 jobs directly and indirectly, worldwide, with 1350 of those based here in Ireland. 34 NDRC startups have also opened operations outside of Ireland. NDRC’s portfolio of companies include Tandem, SilverCloud Health, Newswhip, Boxever and Nuritas.

NDRC has a mandate from the State (Department of Communications, Climate Action and Environment) to make these investments; ensuring digital entrepreneurship is a vibrant and growing part of the Irish economy and helping position the country to compete internationally.

Ben Hurley, CEO NDRC said: “Trezeo has an outstanding solution and stood out to all of the judges as having serious potential for growth in international markets. This finishing investment will be coupled with intense supports from NDRC in areas including investor relations both here and abroad, helping to build the business further.

“Overall, the pipeline of emerging indigenous tech companies remains strong and investor interest is high in NDRC companies, which is a key metric for us.”

David Tighe, Head of Enterprise and Innovation in Bank of Ireland said: “Bank of Ireland is delighted to continue its partnership with NDRC. Today is further evidence of the exciting talent that is present in the Irish tech startup ecosystem and supporting early stage entrepreneurs in Ireland is pivotal to supporting business growth.”

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