Irish owned financial technology company Money Jar is to create 100 jobs to drive expansion of the company both in Ireland and across Europe.

The new roles at the fintech firm include positions for software engineering, compliance and security, product management and design, marketing, sales, account management and customer support.

Money Jar's expansion plans are being supported by Enterprise Ireland through its High Performance Start Up programme.

The company said it plans to create 50 of the new jobs by July 2023, with the full amount set to be filled by March 2024.

It said the roles will be made available to people not only in Ireland, but remotely across Europe.

Founded in 2019, Money Jar is the only Irish fintech to offer an Irish IBAN to enable customers to complete their day-to-day transactions online.

It is also the only digital current account to offer cash lodgement through collaboration with Payzone and can manage cross-border transfers, allowing transactions in several foreign currencies through its partnership with Currency Cloud.

John Harkin, Executive Chairman of Money Jar, said the company's expansion and the creation of the 100 jobs will allow it to further its commitment to promote responsible money management in Ireland and across Europe.

Its Chief Technology Officer and co-founder, Johan Reveillard, said the leading-edge technologies that underpin the Money Jar platform are security, functionality, and usability.

"At Money Jar we have been very adept at harnessing technological innovations to launch new functionality, generate value for the consumer, and shape the competitive landscape," he said.

"With these new roles, we will continue to challenge traditional financial institutions and their offering, as they will need to invest considerably on top of the gathering wave of financial industry disruption," he added.

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said it was fantastic to see an Irish company go from strength to strength and see such success.

"We've worked hard to create a warm and welcoming environment for our tech entrepreneurs and it's really encouraging to see Money Jar’s ambitious growth plans and their progress to date, " he added.

Reporting: RTE News