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TeamFeepay Secures GBP9 Million Funding for European Expansion

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  Published in Sports and Competition on Wednesday, February 11th 2026 at 20:06 GMT by The Irish News
      Locale: Northern Ireland, UNITED KINGDOM

Belfast, Northern Ireland - February 12th, 2026 - TeamFeepay, a rapidly growing fintech company specializing in streamlined cross-border payments, has announced a \u00a39 million funding round. The investment, led by a consortium of Venture Capital firms, will be instrumental in the company's ambitious expansion into the European market and the creation of 75 new jobs in its Belfast headquarters over the next two years.

Founded in 2017, TeamFeepay has quickly established itself as a key player in the increasingly complex world of international financial transactions. The company's platform simplifies the often-arduous process of cross-border payments for businesses, removing hurdles and reducing costs associated with currency exchange, varying regulations, and slow processing times. In a globalized economy, the need for efficient and affordable international payment solutions is soaring, particularly for small and medium-sized enterprises (SMEs) looking to expand their reach.

"This funding round is a huge validation of our vision and the hard work of our entire team," stated Michael Brennan, CEO of TeamFeepay. "It allows us to significantly accelerate our growth plans, especially within Europe, and continue to innovate in the cross-border payments space. We're incredibly excited about the opportunities ahead and look forward to welcoming new talent to our team."

Addressing a Growing Market Need

The traditional system of international payments relies heavily on a network of correspondent banks, a process that can be slow, expensive, and opaque. Each intermediary bank adds fees and delays, significantly impacting profit margins for businesses. TeamFeepay's technology aims to bypass these traditional bottlenecks by leveraging modern APIs and innovative financial infrastructure. The firm utilizes a more direct approach to payments, cutting out unnecessary intermediaries and offering businesses greater control and visibility over their transactions. This allows for faster settlement times, lower transaction fees, and improved cash flow management.

Expansion into Europe: A Strategic Move

Europe represents a significant growth opportunity for TeamFeepay. The region is characterized by a diverse economic landscape, with varying payment preferences and regulatory environments. This complexity creates a high demand for solutions like TeamFeepay's, which are designed to navigate these challenges seamlessly. The \u00a39 million investment will enable the company to establish a physical presence within key European markets, tailoring its platform to meet local requirements and providing localized support to its growing customer base. Initial expansion is expected to focus on countries with high volumes of e-commerce and international trade, such as Germany, France, and the Netherlands.

Job Creation in Belfast: Boosting the Local Economy

The commitment to creating 75 new jobs in Belfast represents a significant boost to the local economy. The roles will span across crucial departments including technology (software engineers, developers), sales, and operations. TeamFeepay's investment underscores Belfast's growing reputation as a hub for fintech innovation, attracting talent and investment from around the world. Northern Ireland has a strong tradition in financial services and a skilled workforce, making it an ideal location for companies like TeamFeepay to thrive. The company is actively partnering with local universities and training programs to ensure a pipeline of qualified candidates to fill these new positions.

Technology & Future Innovation

A significant portion of the funding will be dedicated to product development and enhancing the company's technology. TeamFeepay is exploring integrations with emerging technologies such as blockchain and distributed ledger technology (DLT) to further optimize its platform and offer even greater security and transparency. The company is also investing in machine learning algorithms to improve fraud detection and risk management, ensuring the safety of transactions for its clients. Future iterations of the platform are expected to include features such as automated currency hedging and real-time payment tracking.

TeamFeepay currently serves a diverse range of businesses across sectors including e-commerce, travel, and hospitality. By simplifying cross-border payments, the company is empowering these businesses to expand their international reach and tap into new markets. With this new funding and a clear vision for the future, TeamFeepay is poised to become a leading provider of cross-border payment solutions in Europe and beyond.