XINTEC Raises €900K

Front Row: Dawn Guiney, Kernel Capital. Back Row: Michael Moriarty, Manager of Financial & Enterprise Software High Potential Startups, Enterprise Ireland, Sean Killeen, CEO, Xintec Limited and Clíona Ní Shúilleabháin, Leveraged Acquisition Finance, Bank of Ireland.

XINTEC Limited, a Dublin, Ireland-based provider of fraud management and revenue optimization solutions to telecom operators worldwide, has raised €900k in funding.

The round was led by Kernel Capital, which made a €350k investment through the Bank of Ireland Seed and Early Stage Equity Fund, with participation from Enterprise Ireland, and private BES investors.

The company intends to use the funding to expand internationally and increase its staff – currently of 8 – with the recruitment of 15 technical and marketing resources over the next 12/18 months.

Founded in in 2007 in Luxembourg by Irish entrepreneur Sean Killeen, CEO, XINTEC re-located to Ireland in 2011 with the support of Enterprise Ireland under their programme to attract entrepreneurs to Ireland. It delivers solutions to fixed and mobile operators to help them to maximize their revenues by eliminating revenue leakage and fraud-related losses. XINTEC’s ‘lightweight’ technology which has earned the Company “Preferred Supplier” status with the Vodafone Group.



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