Assure Hedge to double workforce following additional €1.62 million funding

<p><strong>Dublin, July 29th, 2019 — </strong>Assure Hedge, the leading Irish-owned currency protection company, has announced they have secured an additional €1.62 million bringing total investment secured to date to almost €4 million as they expand their workforce to 30.</p><figure><img alt="assure-hedge-funding" src="https://cdn-images-1.medium.com/max/730/1*GAdxwR8kovX9obtdcYlV3w.jpeg" /></figure><p>CEO of Assure Hedge, Barry McCarthy outlined —</p><blockquote>“With the funding, we are growing the team and investing in technology, while expanding our regulatory scope to scale out our tech stack and products so that smaller SMEs can have access to the same currency hedging and risk mitigation tools that mid to large corporates have access to. We have big plans for the next 18 months and will be really focusing on growing our business across Europe through extensive R&amp;D, marketing and customer development with new banking, broker and payment company partners.”</blockquote><p>Assure Hedge is a provider of foreign exchange technology that protects companies against currency fluctuations. Following regulatory approvals earlier this year, Assure Hedge offers a combination of MiFID authorised brokerage for currency options and payments regulatory authorisation allowing them to conduct business in 31 European countries and also hold client money. This combination coupled with groundbreaking technology, enables Assure Hedge to build currency hedging products for customers such as FX brokers, banks and fintech platforms who can now bolt on new risk management products for their customers more timely and efficiently.</p><p>The latest round of investment was led by recently appointed Assure Hedge chairman <a href="https://www.irishtimes.com/topics/topics-7.1213540?article=true&amp;tag_person=Richard+Hayes">Richard Hayes</a>, founder and leader of IFG Group for 17 years and previously chairman of Global Shares, and <a href="https://www.irishtimes.com/topics/topics-7.1213540?article=true&amp;tag_person=Rob+Smith">Rob Smith</a>, previously chief technology officer at global electronic trading and market-making company <a href="https://www.irishtimes.com/topics/topics-7.1213540?article=true&amp;tag_company=Getco">GETCO</a>, with each investing approximately €600,000.</p><p>With this additional investment, Assure Hedge plans to double headcount over the next 12 months to 30. A range of tech roles will be based in Dogpatch Labs, Dublin, while sales team positions who will actively target financial firms in Europe will be on offer in the UK.</p><p><strong>Editors Notes:</strong></p><p><strong>About Assure Hedge</strong></p><p>Assure Hedge is a currency protection company set up in 2016 by former Derivatives Trader Barry McCarthy and operates from the CHQ Building in the International Financial Services Centre in Dublin.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*EKCFlq43hWy0TkvY284njQ.jpeg" /><figcaption>CEO Barry McCarthy— Assure Hedge</figcaption></figure><p>Assure Hedge has been fully authorised by the Financial Conduct Authority to operate in the UK since March 2018. They are fully regulated in Ireland and in 31 other countries across Europe.</p><p>With the funding, the company aims to invest in technology and expand its regulation to scale out its technology stack and products so that smaller SMEs can have access to the same currency hedging and risk mitigation tools that mid to large corporates have access to. The company will be doing this through extensive R&amp;D, marketing and customer development with new banking, broker and payment company partners.</p><p><strong>We provide </strong><a href="https://assurehedge.com/products/fxoptions.html"><strong><em>Options</em></strong></a><strong><em> </em>to you and your customers.</strong></p><p>Know how to increase your business by reaching out to Kevin on <a href="mailto:[email protected]">[email protected]</a> for a free demo. Kevin will provide an in-depth guide on our product features customized to suit your business to earn optimum profits.</p><img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=c3400ad47f55" width="1" height="1" alt="" /><hr><p><a href="https://blog.assurehedge.com/assure-hedge-to-double-workforce-following-additional-1-62-million-funding-c3400ad47f55">Assure Hedge to double workforce following additional €1.62 million funding</a> was originally published in <a href="https://blog.assurehedge.com">Assure Hedge</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>