Paynovate, a Belgian fintech company which specialises in digital payment services.
In brief:
- Paynovate is licensed by both the National Bank of Belgium and the Financial Conduct Authority (FCA), and offers a range of services across payment issuing, acquiring and IBAN accounts.
- Newcastle was chosen because of its talent pool, emanating from its two universities, further education colleges and specialist skills programmes.
- Over the past decade, the business has grown from a single payment processing contract provider into an established acquirer processing more than €200m per month.
What does this mean?
Robert Masse, founder and chief executive of Paynovate, said: "Newcastle's position as a leading financial services hub with a diverse talent pool made it a natural choice for Paynovate. As we look to expand our services across the UK, the Newcastle office gives us a firm base from which we can grow."
