Progress Systems

Progress Systems is a leading Credit Union IT solutions supplier in Ireland and the UK. With a founding year of 2003, the company has over 30 years of experience working with Credit Unions. Their core platform is utilized by over 200 Credit Unions and covers a substantial portion of the market, serving over 70% of all Credit Unions in Ireland. Additionally, nearly 60% of the top 100 Credit Unions in Ireland are customers of Progress Systems. Aside from the core platform, the company offers digital and web services, including websites, mobile apps, online lending products, and online member onboarding. Their partnerships with globally recognized finance and technology companies such as DocuSign, Jumio, and Worldpay enable Progress Systems to provide cutting-edge integrated solutions to their clients. Over the past five years, Progress Systems has demonstrated remarkable growth, doubling their staff and expanding their market share from just over 40% in 2015 to over 70% in 2020. Currently employing nearly 60 staff members, the company primarily focuses on support and development roles, exemplifying the commitment to their core philosophy - Dedicated to Credit Unions. Located in Ireland, Progress Systems continues to maintain its position as a key player in the Financial Services and Internet industries. While no information about their last investment is available, their consistent growth and market dominance make Progress Systems an intriguing prospect for potential venture capital interest.