One of the north’s fastest-growing financial services companies FinTrU has confirmed it has initiated a consultation with “a number of roles” at risk of redundancy.
Darragh McCarthy’s Belfast-based group, which works with banks around the world to meet legal and safety requirements, said the move followed a strategic review of the business.
FinTrU has expanded rapidly since its formation in 2013.
Alongside the two office bases it has established in Belfast, FinTrU has become a major employer in the north-west, opening two offices in Derry and one in Letterkenny.
It has also set up bases in Porto, London and New York.
Cork-native Darragh McCarthy founded FinTrU in 2013.
The latest accounts disclosed by the firm show it had 1,419 staff on its books at the end of 2024, a year where it generated £74 million.
FinTrU added around 400 employees across the group between 2022 and 2024.
It’s unclear how many roles are facing potential redundancy, but in a statement issued on Friday, a spokesperson said the changes were to ensure it “remains resilient, competitive, and well positioned for long-term success”.
The statement added: “As part of this process, a number of roles have entered consultation. This has been a difficult decision and one we have made after careful consideration.
“We recognise that this may mean some valued colleagues could potentially move on from the organisation, colleagues who have been an important part of FinTrU’s story.
“We are committed to supporting each person throughout this period and handling every step with care and sensitivity.
“Out of respect for our team, we will not be providing further comment at this time.”