At the age of 17, Noel Moran left school in Navan, Ireland, to seek his fortune. A job as a Filing Clerk in Dublin soon led to a career in Banking and Payments. By 2008 Noel was based in London, having worked for a number of Banks and financial companies across Europe. Then the recession hit.
Overnight, Noel had no job and was owed several weeks wages. Working from the kitchen table of his flat in Paddington, he hatched an idea for a new business. It was to be based on the new technology of Prepaid Debit Cards, saving companies money by helping them to do away with cash, paper receipts and the need for manual reporting of expenses.
Success didn't come easily however. After a few weeks of trying, he still hadn't found any customers. The deadline for paying the rent on his office had come and gone, and he decided to give the business one last go. Amazingly, the next day he landed a large contract and the business took off. It went on to became profitable in near record time. The company, called PFS, has since become one of the fastest-growing financial technology companies in Europe. It has won a string of awards for its innovative electronic money solutions, including the Sunday Times Hiscox Tech Track 100 for 5 years.
In 2014 Noel started another business, called eCOMM Merchant Solutions, operating out of Navan, Co. Meath. It provides merchants with Point of Sale terminals as well as eCommerce services. The ethos of the company is based on providing merchants with an alternative solution to traditional banks.
In the years since, eCOMM Merchant Solutions has grown rapidly. It is licensed to operate in 35 countries across Europe and already has operations in Ireland, the UK, Greece and Cyprus.
More recently, at the end of 2018, Noel was elected the European Entrepreneur of the Year. As Noel put it himself, ‘I built my business up from scratch, so I know what merchants out there are facing. Being chosen as European Entrepreneur of the Year was a great honour, as it was voted for by other entrepreneurs.