Paynovate is an esteemed e-money institution operating across Europe and the UK, and is dedicated to providing a dependable and regulated platform for powering payment solutions. Licensed by both the National Bank of Belgium and the Financial Conduct Authority (FCA), Paynovate provides a broad range of services in payment issuing, acquiring, and IBAN accounts.
Our company’s decision to establish operations in Newcastle speaks to the city’s growing reputation for financial services technology. Further, the concentration of skill emanating from two city centre universities, specialist skills programs and other educational institutions provided access to top-level talent that we deemed necessary. We are proud to join a strong cluster of payment companies like Pockit, Kani, Paid, Thredd, and Newcastle Strategic Solutions, which play a significant role in facilitating global transactions all over the world from the North East.
Founded in Brussels, Paynovate has recently opened a new operation in Paris and is currently seeking to expand its services across the UK by recruiting new team members, specifically in business development, IT, and customer service. Over the past decade, Paynovate has grown from a single payment processing contract provider to an established acquirer processing over €200m per month. Our support team provides native language customer services for all 27 EU countries, and we are licensed to operate in the UK.
According to Robert Masse, the Founder and CEO of Paynovate, “Newcastle’s position as a leading financial services hub with a diverse talent pool made it a natural choice for Paynovate. As we look to expand across the UK, the Newcastle office gives us a firm base from which we can grow.” Joanne Parker, UK Branch Director of Paynovate, added that “With a long history of innovation in technology, Newcastle felt like the right location for us to deliver on our mission to provide cutting-edge digital payment solutions. We look forward to becoming an integral part of the fintech ecosystem in the North East and making a positive impact on the local community and beyond.”
Dawn Dunn, Digital and Tech Sector Lead at Invest Newcastle, said that Newcastle is fast becoming a strategic gateway for international fintech companies looking to expand into the UK market. Paynovate’s investment underscores Newcastle’s potential as a prime business location. Newcastle City Council’s Cllr Alex Hay, Cabinet Member for a Thriving City, echoed the statement and added that “The growth of the fintech sector not only provides exciting employment opportunities for our residents but also enhances the city’s reputation as a key player in the global financial services landscape.”
