How a Meath couple landed a €266m jackpot with their business idea

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

How a Meath-based couple started a business at their kitchen table, worked hard, caught some breaks and sold it for €327m

will have plenty to celebrate when he turns 50 in three weeks. Along with his wife, Valerie, the Meath-based entrepreneur this week offloaded their payments business for €327 million in a deal that will give the couple a payout of up to €266 million.

And although it happened quite quickly in the end, getting to the point of a multimillion euro sale wasn’t particularly easy, the pair explain as we sit in a glass-walled conference room in theirPrepaid Financial ServicesAfter losing £36,000 in the first year of its operation, Noel set about trying to raise money to bolster the company’s finances. Initially, he sought to raise €300,000 and ultimately that figure rose to €1 million. But “there was no-one investing in London”, he says.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines