plans French expansion after securing licence

By Oliver Smith on Thursday 26 September 2019

Digital Banking

CEO Guillaume Pousaz says will hire an additional 50 staff to bolster the firm's Paris office. plans French expansion after securing licence
Image source: CEO Guillaume Pousaz.

Payment giant, valued at $2bn in its $230m May fundraise, is planning to scale up its Paris office by more than 50 new employees over the coming year.

The move comes after yesterday announced it had secured an E-Money licence in France, enabling it to offer greater services to the French market and other Eurozone countries.

“We are thrilled to be licensed as an E-Money institution at a time when French businesses have proven themselves as leaders in the ever-changing eCommerce space,” said CEO Guillaume Pousaz.

“As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.” already counts some of France’s leading online businesses as customers, including Veepee and Aircall along with international players like easygroup, Virgin Active, TransferWise and Dashlane. is also now integrated with Carte Bancaire, France’s national interbank network, through which some 60 per cent of French payment transactions take place.

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