Alternative banking provider and financial technology specialist Prepaid Financial Services (PFS) today announces the creation of 50 new jobs in the UK, Ireland, and Malta following explosive growth during the first six months of 2016.

The majority of roles will be based in the company’s Irish offices in Navan. Founder and CEO Noel Moran hopes to see Navan, located in County Meath, develop into a FinTech hub for up-and-coming companies that will one day rival Dublin, home to several tech giants including Google, Facebook, and Amazon.

Thirty new staff will be employed at the Navan location to support the business’ fast-growing customer base, with the remaining twenty positions being split across sales, marketing, and IT positions in the London and Malta offices.

Noel Moran, CEO, said: “The last 12 months have seen explosive growth for PFS and our half year results have been fantastic with 60% growth from 2015 and projected EBIT for 2016 of £6.5 million. We have had some significant contract wins over the last 6 months so we are looking to bring some new people on board who share our ethos to keep driving the business forward. We have been incredibly successful across the EU and now have our sights set on global expansion.

The revenue generated by programmes across Europe has allowed us to invest in creating new jobs in the UK FinTech industry, which has been uncertain in the wake of Brexit, as well as growing our business in Ireland and Malta. As we fill positions internally wherever possible, this will also result in PFS being able to open up exciting career development opportunities to our existing employees.”

New roles will be announced in the upcoming weeks with the aim to fill all positions within 5-6 months.