Loanitt, a FinTech based in Kilkenny, has secured €570,000.
In Brief:
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Loanitt offers finance in the commercial, motor and agricultural sectors.
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It uses open banking to streamline credit applications.
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The funding comes from angel investors and Enterprise Ireland.
What does this mean?
Loanitt plans to use the funding to expand its operations and says it will double staff numbers by the end of 2021 – it had already grown to 15 in just a year.