2023-11-29 07:30:51
UK fintech Dojo, a provider of digital payment services, has announced a significant expansion into the Irish market with plans to establish its European headquarters in Ireland. This move was facilitated by obtaining an e-money licence from the Central Bank of Ireland, allowing the company to extend its innovative payment solutions across Ireland and into other European Union member states.
Dojo: A New Contender in Ireland's Fintech Arena
Dojo's variety of offerings cater to the burgeoning 'experience economy', delivering services such as sophisticated card machines, convenient payment links for customers, and flexible funding options. Already supplying services to over 150,000 businesses of varying scales within the UK, Dojo is eager to duplicate its sterling growth trajectory in the Irish market and, subsequently, throughout the EU.
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Renowned for its rapid growth within the UK sector, Dojo proudly reported revenues of £237 million for its fiscal year ending 31 March 2023. This signifies a remarkable 48% jump from the previous year. Moreover, the company successfully processed upwards of 1.6 billion transactions in the UK, equating to more than £32 billion in card payments.
In its relentless pursuit of innovation, Dojo unveiled Dojo Pocket earlier this year. This wireless handheld card machine is masterfully crafted to seamlessly integrate with the dynamic environment of the hospitality industry, sliding effortlessly into pockets and aprons of service personnel.
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With offices strategically situated in five locations, including Belfast and Dublin, Dojo's recent license acquisition stands as a testament to its ambitions. John Irwin, CEO of Paymentsense Ireland Limited—which operates under the trading name Dojo—expressed that the Irish license heralds a monumental chapter for the company as it strives to mirror its UK achievements in Ireland.
Irwin acclaimed, "Dojo's market growth in the UK is a clear testament to our unwavering dedication to customer service, innovation, and enabling dedicated businesses to concentrate on their core offerings. Our cutting-edge, cloud-native payment platform and analytical insights are tailor-made to empower businesses to flourish within the experience economy."
Stripe Hits Record Processing $18.6 Billion During Black Friday WeekendHe added enthusiastically, "Our triumph in the UK, borne of customer-centric strategies and advanced technology, is now poised to extend to Ireland and other EU countries in the future."
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