US payment processing company Payroc is investing in Northern Ireland for the first time, creating 75 new jobs.
Founded in 2018 and headquartered in Illinois, Payroc offers a complete end-to-end payment processing service for its clients, such as Visa and Mastercard.
The new team will work from home as part of the company’s software engineering and innovation hub and new customer services centre, with the roles being created over the next three years.
Paul Vienneau, Chief Technical Officer of Payroc, said: “We have experienced significant success globally, particularly in the US and Canada, and our ambition is to continue this rapid growth globally through investment in sales, marketing and specialist technology that will enhance our customers’ experience.
“Our new Northern Ireland team will add considerable in-house engineering and support resources, and expertise. This will help us to achieve our international growth plans, with a focus on the implementation of new technologies, delivering product improvements and increasing capacity to strengthen our customer support. We looked at various US locations but the calibre of talent made Northern Ireland the perfect fit for us.”
Welcoming the news the Economy Minister, Diane Dodds said: “I’m delighted to announce 75 jobs for Northern Ireland. Payroc is an early-stage company that has developed its high-growth international presence very quickly and is a welcome addition to Northern Ireland’s thriving Fintech sector. I am delighted we have been able to secure this investment for Northern Ireland based on the quality of our highly skilled talent pool, complemented by support from Invest Northern Ireland.
“The team in Northern Ireland will support Payroc’s existing operations which service over 46 locations globally. As the team will be working remotely, the 75 jobs will open up opportunities to people in every corner of Northern Ireland.”
Invest Northern Ireland has offered Payroc strategic business advice and £445,000 towards the creation of the jobs which are expected to contribute over £3.6million in additional annual salaries to the local economy.
CEO of Invest NI, Kevin Holland said: “Securing Payroc’s investment for Northern Ireland is another resounding endorsement of our Fintech sector, which is at the cutting edge of global technology development. We are increasingly known as the ‘go to’ location for Fintech companies to invest. I am delighted that the quality of local talent is recognised by Payroc, showcasing Northern Ireland as a strategic, valuable location for business investment.”
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