Fundbank buys Irish blockchain startup Trrue in $11.8M deal
What's the deal? FundbankDealroom has a profile for this one. Try Dealroom →, now operating as IRACE Digital BankDealroom has a profile for this one. Try Dealroom →, has acquired Irish blockchain startup TrrueDealroom has a profile for this one. Try Dealroom → in an $11.8 million deal. Dealroom reports a lower figure of $11.2 million for the transaction.
What changes? Owen O'Driscoll, Trrue co-founder and chief executive officer, becomes chief innovation officer at IRACE following the acquisition.
Why now? The deal lands as Irish and European fintechs face a tougher fundraising climate, with political and economic instability denting investor risk appetites.
The bigger picture: Irish fintechs raised roughly $158 million across seven deals in the first half of 2026, according to KPMG. That is down 9.4% from $173 million across 13 deals a year earlier.
The half's largest Irish raises came from Dublin-based tax automation service Fonoa at $110 million and audit platform Circit at $22 million. Cork-based transaction platform Trustap raised $10 million.
The signal: Consolidation is a feature of the wider market. KPMG puts global fintech investment at $103.1 billion in H1 2026, led by M&A deals including the $24.3 billion Worldpay acquisition and Brex at $5.15 billion.
Read more: fintechireland.com
Image credit: infomatique
