The Welsh Government has announced it is investing more than half a million into software management company Link Data Management Solutions (LDMS).
A total sum of £651,000 will provide LDMS support in order to set up its headquarters at Cardiff.
Minister for Economy and Transport, Ken Skates, commented: “The Welsh Government is a proud supporter of the fintech sector.
“The Link Financial Group is one of the biggest operators in the credit management sector and we are happy to be helping LDMS to market this innovative new software to a huge variety of financial institutions, while creating 80 jobs for highly skilled professionals in the process.”
20 staff are set to move from Caerphilly to the new software development hub in the capital with an additional “80 well paid jobs” being created over a four year period – roles being recruited range from software architects to developers.
Managing director, LDMS, Chris Whitcombe, said: “We are delighted to be opening our headquarters in the centre of Cardiff.
“It’s very well located for both our clients and staff and the office environment is ideal for our growing technical team.”
LDMS clients include: TransUnion, Experian, Equifax, GBG, PAYware Connect and Bottomline Technologies.
The company is part of the Link Financial Group, a European servicer of consumer and business loans, which has created software applications for financial institutions such as banks to manage credit debt and loans more effectively.
“Working with the Welsh Government, we will be growing our headcount by another 80 people over the coming years, this will allow us to further invest in developing our industry leading product suite and better support the needs of our growing global customer base,” Whitcombe concluded.