Fintech Couple Win Major Awards & Sell Company

On November 13, the Financial Times named Prepaid Financial Services’ Valerie Moran as one of the Top 100 Most Influential BAME Leaders in Technology. One day later, European CEO magazine named Noel Moran as the first-ever double winner of the European Entrepreneur of the Year award. Noel and Valerie Moran came up with the idea for their financial services company, Prepaid Financial Services Ireland Limited (PFS), in their kitchen at home in Navan Town. It has since grown to become one of the leading names in payment technology solutions. Last month, the company entered into a binding agreement to sell 100 percent of its share capital to EML Payments Ltd. for an upfront enterprise value of £226 million, excluding cash on hand, plus an earn-out component of up to £55 million. ♦