PerfectCard, an Irish finTech company founded by entrepreneur Nikki Evans in 2006 has sold a majority stake to Australian company EML.
PerfectCard began life offering gift cards to Irish retailers but has since expanded to offer a suite of products including PerfectIncentive and the recently-launched Pecan Expense. The company offers employee rewards and corportate expense solutions for a client list that include Dell and Allianz.
The deal, worth a reported €6m, has just been given the go ahead from Ireland’s Central Bank. It sees the Brisbane based EML obtain just under 75 percent of the Irish company which has offices in Galway and Wicklow.
EML, which operates in over 20 countries, also announced PerfectCard’s Galway base will act as its global hub for technology and innovation. Its expected that there will be an increase in full-time employees over the next few years too. “
Nikki will stay on in her role as CEO of PerfectCard and will also look after EML European Issuing. She’s made it clear that the company headquartesr will stay in Ireland, saying:
“While we will have a majority shareholder somewhere else, the heart and mind of the company has to remain in Ireland and I don’t see that changing.”