Financial technology firm Sentenial has recently signed deals with seven companies across Europe, bringing its total new business signings for 2013 to over €8 million. The new contract wins, worth over €500,000, comes in advance of the switch to the Single Euro Payments Area (SEPA) on 1 February 2014.
In France, Sentenial has recently agreed terms with utility giant GDF Suez, whilst in the Netherlands Sentenial has won business with energy firm Essent, and oil company Argos Energy. In Belgium it has signed up IT group Econocom and leasing firm Parfip. Closer to its base in Maynooth, Sentenial has won Laya Healthcare as a customer, and Cork-based consumer financing group First Citizen Finance.
CEO Sean Fitzgerald said: “We’re coming to the end of an exceptional year for the company that will see revenue more than double from the €6 million reported in 2012. This has been helped by substantial expansion into European markets, showing the benefit of our decision in 2011 to open offices in six European cities.
“As well as large corporate customers, we have also experienced a rush of over 200 SMEs in Ireland and across Europe signing up to our services.”
Sentenial’s technology has been chosen by five out of Europe’s top 10 banks and in Ireland is used by all the main clearing banks. When the switchover to SEPA is made next year, Sentenial’s technology will be responsible for processing over €60 billion worth of payments a year for companies and banks across Europe.
Last month, the company announced plans to add 110 staff before the end of 2014 to its current headcount of 160 employees.
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