Rapid inflation is seeing consumers and merchants turn to alternative payment solutions such as open banking. Prommt is an Irish-born payments platform that enables businesses to request, collect, and track remote and over-the-phone payments. The company recently completed a €1.5 million euro Series A funding round. Ronan talks to Donal McGuinness, the CEO at Prommt.

Donal talks about his background, what Prommt does, fraud, cash, open banking and more.

More about Donal McGuiness:

Serial entrepreneur Donal McGuinness is CEO of Prommt. He studied Computer Science at DCU and Telecommunications Engineering at DIT and spent the early years of his career in the telecommunications industry. His experience in mobile payments dates to 1999 when he founded his first mobile payments company, ItsMobile. Donal was also a Non-Executive Director of the Irish Internet Association from 2009 to 2011 and a movie distribution business from 2002 to 2020.

In 2016 Donal joined a silicon valley startup in the identity verification space called Danal inc, where he set up and grew the global business outside of the USA as General Manager of EMEA until 2019 when the business was acquired by Boku Inc for $112 million USD. Donal joined Prommt as CEO in 2019. He is an innovator and is passionate about payment innovation.

Remote payments insights Donal McGuinness, CEO Prommt