International money transfer and foreign exchange services provider OFX is set to open its European headquarters in Dublin, creating 15 jobs here.
It comes as the company, which is headquartered in Sydney, Australia targets Ireland and the EU as growth markets for its business.
It said the Irish based operation will include compliance, risk, finance, operations, and sales.
Following the successful migration of the European business from the UK entity post Central Bank of Ireland authorisation, it said the Irish operation will be responsible for managing the European portfolio.
"I'm delighted that OFX has chosen Ireland as its location for its European Headquarters," said Seán Fleming, Minister of State at the Department of Finance.
"These new positions are particularly welcome as the Government seeks to grow Ireland’s status as a global hub for fintech.
"Ireland is a really attractive destination for financial services, due in a large part to our strong talent pool and expertise in the sector," he added.
Global CEO of OFX Skander Malcolm said they're excited by the opportunities for growth in their business in Ireland and across the EU region.
"Establishing an office in Ireland is a key part of our strategy for growing in the region and gives us an excellent base from which to manage our operations," he said.
"OFX is about helping businesses access great exchange rates and trade across borders with ease. And we want to help businesses protect themselves and manage risk in their currency transactions.
"In the volatile environment we're currently in, this is even more important."
