Their mission: to deliver a social payments app that reflects how people really send and spend money.
Not so unusual for a consumer messaging app, but radical thinking for a financial product.
The round was led by Bank of Ireland who has been watching Plynk since it was a dollar-shaped gleam in the eye of our founders.
The Plynk app launched in the App Store and Google Play in January 2017.
It marked of the largest Series A raises in Ireland, and probably the biggest for a firm that counts emojis as a core product feature.
Charles began his engineering career like many others at the time in IBM. Following a stint at Microsoft, Charles set up a social loyalty company that was acquired by Student Universe (Parent: FLT (ASX)) and morphed into SoHalo. After this Charles spent almost 5 years as a product manager at Facebook based between Dublin and Menlo Park.
Since 2015 Charles has been pulling his various skills together to build a team to tackle the problem of person-to-person payments with his latest baby, Plynk.
Clive is a technology specialist with over 13 years experience in software development.
Prior to Plynk, Clive held a number of software development and engineering roles in global enterprises such as Microsoft, Wonga, Ding, Renaissance Re and Pocket Kings.
In 2015, Clive followed his passion for harnessing cloud technologies and digital finance products and co-founded Plynk.
Plynk was developed at the Bank of Ireland WorkBench in Dublin’s Silicon Docks.
Our €725,000 seed investment came from Bank of Ireland’s Start-Up and Emerging Sectors Equity Fund, managed by VC firm Delta Partners, with investment from Enterprise Ireland, the NDRC and some angel investors.
Private investment trust Suisse Privee Ltd led our Series A raise of €25 million. The investment was one of the largest Series A raises for a software company in Ireland.