UK fintech Paytrix appoints Joe Redmond as CEO of Ireland operations
Paytrix, a London-based payments fintech for businesses, has appointed Joe Redmond as CEO for Paytrix Ireland.
Joe Redmond is Paytrix Ireland’s new CEO
Describing Redmond as a “heavyweight of Ireland’s financial services sector”, Paytrix hopes he can leverage his “formidable track record and extensive experience” across payments, foreign exchange, governance, and risk and compliance, to help Paytrix Ireland acquire its licence and expand regionally.
Redmond brings over 30 years of financial services experience to his new role, having served in senior roles at two of Ireland’s major financial services companies: Bank of Ireland Group and more recently at FEXCO.
At Bank of Ireland Group, where he served for six years from 2006 to 2011, he held the roles of head of payments transaction banking, as well as managing director of First Rate Enterprises, a wholly-owned FX subsidiary.
At FEXCO, where he worked from February 2011 to April 2022, he served as group executive and managing director of the retail foreign exchange division.
In his new role, Redmond has been tasked with setting Paytrix Ireland’s strategic objectives and looking after its operations across sales, marketing, commercial relationships and helping expand the team.
“Joe’s work will play a vital role in ensuring Paytrix Ireland sits in the flow of funds — a keystone in Paytrix’ goal of providing a global, seamless and secure payment experience,” the firm says. “For customers, this will remove complex, costly third parties and give them greater control of the payment process.”
To support its growth in Ireland, Paytrix has also hired Esther Espina, a “highly experienced” professional as chief risk officer and Phillip Halford, with almost 40 years of experience in banking and finance, as head of internal audit.
The appointments follow Paytrix raising $18.3 million in a Series A funding round this March.
