Matheson is delighted to have supported Rippling Payments Ireland Limited, with successfully securing an e-money institution (“EMI”) authorisation from the Central Bank of Ireland. This is the first such licence to be issued in 2025.
This authorisation will allow Rippling Payments Ireland Limited to holistically offer its payroll products into Ireland and on a cross-border basis into key EU markets for the first time. The EMI authorisation represents a critical milestone for Rippling’s international expansion ambitions for the US headquartered company, which first set up its EU office in Ireland in late 2023.
Matheson partners Joe Beashel and Ian O'Mara from Matheson's Financial Institutions Group were supported by senior associates, Megan Fennell, Nicole Ward and Catherine Macfarlane and associates Kelsie Somers and Aaron Leonard along with a cross-section of corporate, employment and technology colleagues in the authorisation process.
Ian O'Mara, partner in Matheson's Financial Institutions Group said, "We are delighted to have played a part in helping Rippling Payments Ireland Limited to achieve the milestone of securing authorisation as an e-money institution. This is the culmination of a long and detailed process and one which will enable the firm to offer its own regulated payroll services into Ireland and on a cross-border basis into key EU markets for the first time.”
The Rippling Group was founded in 2016, with a goal of building a software that could handle payroll, employee benefits and streamlining the onboarding of new hires. The Rippling platform was launched in 2018 and since then Rippling has been providing a range of business-to-business HR and IT services to its customers by way of a single workforce management system. You can read more about Rippling here - https://www.rippling.com/en-IE
Matheson's Financial Institutions Group is led by 8 partners and over 25 lawyers. The team consistently advises on the most high-profile and significant transactions in the Irish and international markets for regulated financial institutions. This transaction is a further example of the strength and depth across our market-leading Financial Institutions Group and showcases our experience delivering for clients on their complex and innovative international expansion projects.
Matheson is ranked as a Tier 1 Irish law firm by both Legal 500 and Chambers Europe for Fintech. For more information about our legal services, please contact a member of the Financial Institutions Group or your usual Matheson contact.
