visimoney
TLDR:
- VoPay partners with Cross River Bank for US expansion and enters UK market through CTA program.
- VoPay plans to anchor its European expansion in London due to favorable open banking policies.
Vancouver-based FinTech startup VoPay is making significant moves in the US and UK markets. By partnering with New Jersey’s Cross River Bank, VoPay is accelerating its expansion into the US, gaining access to US banking and payment networks. Additionally, VoPay has been accepted into the Canadian Technology Accelerators (CTA) program in the UK to support its European expansion plans, with a focus on leveraging London’s vibrant FinTech community and favorable regulatory environment.
VoPay, founded in 2014, allows companies to embed financial services and payment capabilities into existing applications through its API integration. With collaboration with Cross River, VoPay aims to tap into new networks and payment rails in the US while ensuring compliance with security standards. The UK’s open banking policies make it an attractive starting point for VoPay’s European expansion, as London remains a hub for FinTech companies despite concerns raised by industry leaders like Francesca Carlesi, the CEO of Revolut.
The CTA program will provide VoPay with insights on entering the UK market, potential investments, and tailored mentoring from industry experts. VoPay CEO Hamed Arbabi emphasizes the importance of these partnerships and programs in driving the company’s innovation and inclusive approach to embedded financial services. Overall, VoPay’s strategic partnerships and expansion plans signal its commitment to growth and adaptability in the fast-paced financial landscape.
