UK FinTech Dojo secures license to expand into Ireland
By Gloria Methri
Dojo, a trading name of Paymentsense Ireland Limited, has received an e-money licence (EMI) from the Central Bank of Ireland, enabling the payment provider to bring its innovative technology to Ireland.
The business, which provides in-person and digital payment solutions, will make Ireland its European headquarters and support Irish businesses to capitalise on the Experience Economy in the Irish market.
In the UK market, Dojo has achieved significant growth in its customer base and reported revenues of €278 million (£241m) in the fiscal year ending 31 March 2023, representing 48% year-on-year growth versus €188m (£163m) in 2022.
The FinTech company serves over 150,000 UK businesses – from small, often family-run businesses to the biggest high street names – and has ambitions to replicate its success of supporting business growth in the UK across Ireland and the EU.
Last year, Dojo processed over 1.6 billion transactions in the UK, representing over €38bn (£33bn) in card volume, demonstrating the positive impact its cloud-native payments infrastructure is having on its customer base.
John Irwin, CEO of Paymentsense Ireland Limited, said, “We are delighted to be granted our Irish EMI licence – a significant milestone as we seek to bring the growth and success Dojo has had in the UK to Ireland. Dojo’s market growth in the UK speaks volumes about our relentless focus on our customers, innovation, and empowering hard-working businesses to focus on the things that really matter to them.”
He added, “Our leading, cloud-native payment platform and data-driven insights empower businesses to thrive in the Experience Economy. Our success in the UK, built on customer obsession and innovative technology, will now extend to Ireland and other EU countries in the future.”
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February 22, 2024
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