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

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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.

 

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