Simon Kelly: “Sometimes in Ireland, we are too quick to believe in our own doom”. Pic: Bryan Meade

With hard lessons learned from his past, Simon Kelly now looks to the future – and that future is technology

A decade ago, Simon Kelly was in Nama and facing bankruptcy. He has toiled his way back with Emex, a regtech business he founded with Richard Wall. With a string of major clients dotted around the world, Emex has now appointed advisers to to raise €4m.

12th Jun, 2020 - 14 min read

Its clients range from London-based commodities trading giant Glencore listed Irish firms Aer Lingus and Applegreen. Further afield, it works with Cameroon’s national power company Eneo and Swiss building materials company LafargeHolcim, a giant corporation that employs over 70,000 people worldwide.

Richard Wall and Simon Kelly have grown their regtech business Emex to having recurring revenue of €1 million a year. Now they are working with investment advisors Blackbee to raise €4 million to invest in their business using EIIS finance, a state-supported tax relief scheme to encourage private individuals to back companies. This is the story...

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