DiPocket, a UK-based fintech that gives a spread of cashless fee options to its shoppers, has simply acquired an Digital Cash Establishment (EMI) license in Lithuania. This step will permit the corporate to proceed servicing shoppers in mainland Europe after the UK-issued license loses its validity within the EU. At present, DiPocket has a group of 40 folks, which it plans to develop to greater than 100 folks in 2022, and a big a part of the brand new hires can be based mostly in Lithuania.
Fedele Di Maggio and Pavel Pokhylchenko, the co-founders of DiPocket, met again in 2005, once they helped UniCredit Group develop a greenfield retail bank in Ukraine. With that and different expertise gathered alongside the best way, they determined to create their very own fintech enterprise, however with a B2B2C technique. The corporate is primarily targeted on the CEE market, a well-recognized area for each of its co-founders.
“Choosing a location for our regional base was easy – Lithuania is arguably the most fintech-friendly environment upholding the highest regulatory standards in the region,” says DiPocket CEO Fedele Di Maggio.
At present, the corporate affords a variety of cashless fee choices that embody Apple Pay, Google Pay, MasterCard pay as you go debit playing cards and fee wristbands, which grow to be a standard sight throughout European music festivals. The following step of improvement will see Open Banking and additional customizable fee options for company shoppers who wish to effortlessly provide funds disbursement and different card-based fee choices to their clients or workers.