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FinTrU announces further expansion with 500 new jobs to be created over five years in Porto

Monday 17 October 2022

FinTrU, a technologically-enabled Regulatory Solutions company, specialising in the areas of KYC, Compliance, Legal, Risk & Controls, and Operations, has announced the opening of a new office in Porto, Portugal. FinTrU’s expansion into Porto has been approved as a project of national strategic interest by the IEFP.

This new office location will be a client delivery centre, working directly with Tier 1 Investment Bank clients across the globe. FinTrU has also launched an opportunity for graduates with their Financial Services Academy now open for applications. Candidates will be considered from several degree disciplines. FinTrU has delivered over 30 Academies over the past eight years across multiple locations. 

Established in 2013 and headquartered in Belfast in Northern Ireland, FinTrU designs technology-enabled solutions for Investment Banks across the world. The company currently employs more than 1,100 people worldwide with offices in Northern Ireland, England, Republic of Ireland, Netherlands and the United States. FinTrU’s expansion into Porto will further enable employees to work across different global locations through the company’s interconnected offices, creating future mobility opportunities. In March 2022, FinTrU was named by the Financial Times as one of Europe’s Fastest Growing Companies for the second year in a row. 

FinTrU Founder & CEO, Darragh McCarthy, said of the announcement “As FinTrU continues to grow its International Investment Bank client portfolio, we see this expansion of our global footprint as a very important step in our company journey. Having reviewed a number of European locations, we were under no illusions that Porto represented the best choice for FinTrU as our next client delivery base.” 

FinTrU Chief of Staff, Katrien Roppe, also said “We worked closely with AICEP who were fantastic in demonstrating the opportunities that Porto has to offer. The highly-educated talent, the thriving business community and top tier universities on offer confirmed our decision. The client projects based at FinTrU Porto will be integrated into the FinTrU delivery framework, guaranteeing the high level of quality standards that we offer to our global clients.” 

Luís Castro Henriques, Chairman & CEO at AICEP – Portugal’s Trade & Investment Agency, added “We are extremely pleased to welcome FinTrU’s new Delivery Centre in Porto, yet again highlighting the stellar quality of the talent available in Portugal. The unique combination of competitive advantages the country has to offer and the increasingly successful innovative ecosystem Porto has been developing recently, has been key throughout the company’s decision process. FinTrU’s focus on technology, innovation and above all on the development and fostering of talent through their Academies will be a major contribution to the growth of the local business environment, the increase of the set of skills available and to further strengthen the positioning of Portugal as a preferred location for Tech-enabled operations.” 

Ricardo Valente, Porto City Councilor for Economy, Employment and Entrepreneurship, said “FinTrU’s investment in the city is a major recognition of our vision for Porto. We are building a city where people, companies, opportunities and knowledge converge into a true talent hub. Our purpose is to foster the development of a sustainable city where diversity, free thinking and entrepreneurship drive the growth of our Portonaut ecosystem.” 

Telmo Fernandes, FinTrU Porto Site Lead, added “I am very excited to begin my role as Site Lead for FinTrU Porto. The company’s culture for investing in the development of its people, and Tier 1 client portfolio, were major factors for me in joining the company as we embark on this exciting project. We will invest to build an eco-system in Porto whilst developing graduate programmes to support with this expansion. We have been recognised for this practice by winning several accolades and look forward to leveraging that award-winning knowledge to progress and build FinTrU Porto. Our mission is to empower our people to drive industry-disrupting and innovative solutions, and we cannot wait to have Porto as part of that goal.” 

FinTrU is presently redeveloping a state-of-the-art 3,000 square metre office on Rua de Santa Catarina. This fully flexible and hybrid-working friendly space will offer employees the facilities to collaborate with colleagues both locally and globally. With expanded training and social spaces, the new FinTrU Porto office will empower employees to harness their entrepreneurial spirit in an environment that encourages innovation and connectivity. The city centre location will open before the end of 2022 and offers a vast array of on-site parking facilities. 

To explore career opportunities at FinTrU Porto, visit here.  

For FinTrU media enquiries, contact Conor Donnelly, Vice President – Marketing, FinTrU – or +44 (0)28 9076 7798.

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