Kerry-based financial services and technology company Fexco has said it plans to create 150 new jobs in Ireland by the end of 2023.
It said the roles will be in areas including software engineering, technology, sales, marketing and customer success.
The company reported a 29% decline in income to €173.1m in 2020.
It said the impact of the pandemic, particularly the reduction in foreign travel and closure of the retail sector, contributed to an operating loss of €6.2m compared to a profit of €18.1m in 2019.
However, Fexco has now completed a restructuring, including once off costs of €40m in restructuring and impairments, which it said has positioned the business well for recovery.
It was back to operating profitably in the final quarter of 2021, and is now actively recruiting.
The company enhanced its cash position this year, with the sale of its 51% share of Goodbody Stockbrokers for €70m and its share of Taxamo for €31m.
The sale proceeds of over €100m generated significant profits, which the company said will support investments, while also funding expansion in areas including digital payments, fintech and the green economy.
