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Fund Recs
Cloud based reconciliation software for the global Funds Industry
- 21-100 employees
- B2B
- Big data
- Analytics
- Cloud Computing
- Dublin, Ireland
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Company mission
To develop the most efficient, powerful, and cost-effective reconciliation and data transformation software.
Few candidates hear
back within 2 weeks
31% employee growth in 12 months
Our take
In the landscape of the global Funds Industry, reconciling complex data poses a significant challenge for Fund Administrators, DSepositaries, Fund Managers, and Audit firms. Recognising this pain point, Fund Recs has emerged as a key player, specialising in the development of cloud-based reconciliation software.
Fund Recs addresses this challenge by providing a product that liberates staff from the burdensome task of data processing. the software takes data from various sources, allowing users to normalise it before seamlessly reconciling it with their accounting systems. The versatility of the system is evident in its capability to handle diverse data types such as CSV, XLS, TXT, and XML.
The future of Fund Recs seems promising as it continues to play a pivotal role in transforming and modernising the Fund Administration landscape. By offering a solution that not only automates workflows but also eliminates the need to outsource manual processes, the company positions itself at the forefront of innovation in the industry. As the demand for efficient reconciliation solutions grows, Fund Recs is well-positioned to expand its influence globally, providing indispensable tools that allow financial institutions to enhance operation efficiency and maintain a competitive edge in an evolving financial ecosystem.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 25 days annual leave in year 1, with an extra day per year of service up to 30 days
- 5% employer matched pension contribution
- Health Insurance stipend
- Professional Development budget up to €750 per year for short term learning opportunities
- Tuition reimbursement up to €3,500 towards higher education fees
- Career growth: we have a defined progression framework with regular promotion reviews – we want our people to grow with us!
- Gym membership: up to €350 per year towards a sports club subscription of your choice
- Employee referral scheme: generous cash bonus available for successful employee referrals
- Home office set up: budget towards the purchase of home office equipment and full tech set up
- Generous paid leave for new parents
- Volunteering leave to support the local communities in which we live and work
- Peer led monthly lunch and learn sessions on topics suggested by our team
Funding (2 rounds)
Apr 2018
$4.1m
SEED
Jul 2017
$1.3m
SEED
Total funding: $5.4m
Leadership
Padraig O'Scanaill
(Co-Founder)Previously co-founded Task Messenger and Cashbook Limited. Was also a Java and Oracle Developer at Fidelity Investments.
Des O'Donohoe
(Co-Founder)Previously worked as a Training Manager at BISYS Fund Services and SEI Investments.
Alan Meaney
(Co-Founder & CEO)Previously co-founded Task Messenger, and Adminovate Conference.