UK fintech Dojo has announced that it has successfully achieved an e-money licence (EMI) certification from the Central Bank of Ireland so that it can launch fully-compliant operations in the country.
The trading name of Paymentsense, Dojo provides in-person and digital payment solutions to businesses, and will use Ireland as its headquarters to support local companies looking to remain competitive in fast-growing regional and European markets.
Dojo has so far only been present in the UK, achieving significant growth in revenue to reach around €278m (£241m) in the fiscal year ending 31 March 2023 – a 48% year-on-year increase compared to 2022.
Transaction-wise, more than 1.6 billion transactions were processed by Dojo in the UK for a total of €38bn (£33bn) in card volume – a result of the firm’s cloud-native payments infrastructure.
Overall, Dojo has more than 150,000 UK companies as partners and plans to seek success by deploying the same business strategy in Ireland and the EU.
John Irwin, CEO of Paymentsense Ireland Limited, said: “We’re 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.
“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.”