One of my peers on Hot House 10, Mark Durkin,Â launched his new company Paydaq over the weekend. Paydaq offers low cost money transfers (about one quarter the price of an equivalent Western Union transfer) for people wishing transfer cash overseas from Ireland.
The current service requires some leg work on the part of the applicant but they are moving to a fully automated web based system as the service matures over the coming months.
Paydaq is targetting the emerging Polish and Lithuanian markets initially, andÂ at launch offered services in both these languages.
See Paydaq.com for more information.