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

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.

Trezeo turns unpredictable income streams into reliable and regular payments for self-employed workers in the gig economy, thus providing financial stability with no interest or hidden fees involved. Subscribers do pay a subscription fee for the service.

The company was founded by Garrett Cassidy (CEO) and Flavien Charlon (CTO), both well experienced financial services and technology professionals.

A pilot is launching in the UK in November and the company is raising funds to launch its full product in 2019. Trezeo recently won the Payments Dragons’ Den competition at PayExpo Europe in London.

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.

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.”

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.

A round-up of the startups that pitched at the event can be found here.

NDRC’s Spring 2018 Investment Programme is open for applications from today at www.ndrc.ie.

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