Financial technology company Payslip has raised €1m and will hire 14 new staff this year. 

The company, based in Westport in Co Mayo, provides software that helps companies doing business across multiple countries to manage their payroll.

The new funding is led by Frontline Ventures and AIB as well as technology investors, Tribal, Bloom Equity and Enterprise Ireland. 

Payslip said it will use the new funds to continue its expansion by securing new clients, software integrations and adding to its workforce. 

Payslip CEO and founder Fidelma McGuirk said the company has already initiated its search to fill positions including chief technology officer, international payroll, operations and sales roles. 

"Other planned recruitment is for software engineers and software integration specialists," she said. 

"We have exciting product development to deliver for our enterprise clients including integrations into accounting & HR softwares such as SAP, Workday and Netsuite HR. Our Westport team will lead this innovation and implementation," she added.