For over 15 years, our CEO Barry McCarthy has worked as a foreign exchange and derivatives trader in Singapore, Gibraltar, Chicago and London noticing gaps in the market. With Assure Hedge he is addressing a huge gap in the market, offering currency hedging, treasury management and Forex solutions to the smaller businesses that have, up until now, been largely ignored by their banks.
After months of talking to hundreds of SME businesses across the UK and Ireland, Assure Hedge was founded in a small office in Dublin.
Fully aware that the “going it alone” approach can be fraught with danger, the company applies to one of Europe’s most successful accelerators, the NDRC Launchpad in Dublin.
NDRC, an Irish company, funded by the Irish Department of Communications, Climate Action and Environment (DCCAE), was established to find, build and invest in digital start-up companies.
Assure Hedge is one of the 9 companies selected from 228 applications for the NDRC Launchpad accelerator program.
Following on from our NDRC success, we are selected by Enterprise Ireland to participate in its Access Silicon Valley program.
Assure Hedge is selected by Accenture for their FinTech Innovation Lab accelerator program.
We attract our first angel investor for our seed funding round.
Assure Hedge opens a new UK office in Canary Wharf, London, April 2017.
Assure Hedge is accepted into the UK’s FCA Regulatory Sandbox innovative program to begin the regulation process.
Enterprise Ireland invests in Assure Hedge through its High Potential Start-Up (HPSU) program.
Assure Hedge celebrates securing over 50 clients
Assure Hedge successfully exits the FCA Regulatory Sandbox program and are now MiFID regulated.
Fully approved to hold Client Money by the FCA, 4th January 2019.
Assure Hedge has applied to the FCA to provide the service of making payments in accordance with the Payment Services Directive to one or more Beneficiaries nominated by its Clients.
We increase our funding to over €2m with a new round of investment and hire our 10th employee.
Assure Hedge listed by FORA as one of the top Irish companies to watch in 2019.
Richard Hayes invests more into Assure Hedge and becomes the Chairman and we are now regulated to hold client funds.
We announce our new UK partnerships with Sable FX and Currency Transfer.
Our number of staff has doubled over the last 6 months, bringing our total to 13 with our first full-time London employee joining the team.