Paysend, the UK-based fintech has announced the opening of an EU office in Dublin to drive its expansion into the European market.
Having recently received an Electronic Money Institution licence (EMI) from the Central Bank of Ireland, the new location will be used to expand the card-to-card payment service provided by digital payments company Paysend into new European corridors.
Led by European CEO, Céline Singleton, the office is in the process of recruiting a team of up to 30 employees to take the strategy forward.
Céline Singleton, Paysend Europe CEO said, “Dublin has become a great operating hub for tech companies, with a skilled workforce and a thriving business community. We have an excellent opportunity here to attract top talent to help drive our growth into more locations in Europe.”
The Dublin office will be one of four global hubs run by Paysend, alongside Miami, Edinburgh, and the global head office in London. Paysend already operates in over 170 countries worldwide serving more than 7 million customers.
Ronald Millar, Group CEO of Paysend added, “this is a key strategic move for us. We have built an impressive global footprint since we launched in 2017, and the opportunity we now have, with the support of the Irish Industrial Development Agency (IDA) and the European EMI License that we have been granted, to expand further into Europe is exciting. As the former Head of Payments at Ulster Bank, Céline is well placed to take our ambitions forward as she builds the team and drives the growth of Paysend Europe forward.”