Irish fintech start-up CreditLogic is poised for growth as it plans to create up to 60 jobs and significantly increase revenue over the next two years.
This would double the company’s current workforce; it employs around 30 software engineers and senior data scientists at its Dublin headquarters. The new jobs will concern the entire company.
The company achieves an annual turnover of approximately 5 million euros. “Our international growth will see our revenue grow fivefold over the next two years,” said co-founder Eddie Dillon.
CreditLogic was founded by Mr. Dillon, former Chief Innovation Officer of KBC Bank Ireland, and its Head of Development, Gavin Bennett. It has developed technology that automates the mortgage application process, which it says will more than halve the time and cost of processing new mortgages. Its clients include AIB, ICS Dilosk and BCMGlobal, part of Link Group. Last year, the company signed an agreement with Permanent TSB to provide a new digital application platform for mortgage applicants. Its technology has also been used in the government’s recently launched First Home Scheme, which helps people buy new homes through co-ownership.
CreditLogic also recently obtained ISO27001, a global standard for information security, which will also help support its international growth plans.
The company has named former DCC Technology chief executive Niall Ennis as chief financial officer and director of the board. He was also CEO of Valeo Foods and KPMG Corporate Finance.
“Niall has extensive experience in corporate boards, corporate finance and technology leadership,” said Dillon. “This is an extremely exciting time for the business and Niall’s appointment strengthens our leadership team and positions us well to capitalize on the global market opportunity.”