Dutch fintech firm shifts HQ to Luxembourg
Mobile payment service Payconiq is relocating its headquarters to Luxembourg as it seeks to expand in Europe.
The company, which handles online, on-the-go and direct payments, will move its HQ from Amsterdam where it was founded in ING's innovation hub.
"The relocation of our headquarters to the heart of western Europe is a new step in the development of Payconiq as a European payment service," said Duke Prins, Payconiq Chief Executive Officer.
The move comes after the company joined forces in August with Luxembourg fintech startup Digicash Payments, a mobile payments service offered by a number of banks in the Grand-Duchy.
Payconiq plans to be available across the Benelux region in 2018. It is already active on the Belgian market and will soon enter the Dutch market.
Along with the HQ move, Payconiq has received backing from ING, KBC and Belfius as shareholders.
"With a number of powerful international banks as shareholders, we will be able to accelerate our growth throughout Europe," Prins added.
Luxembourg finance minister Pierre Gramegna tweeted on Friday that he was "pleased" Payconiq had chosen Luxembourg as its HQ and central hub.
Payconiq will be supervised by the Commission de Surveillance du Secteur Financier (CSSF).
(Hannah Brenton, firstname.lastname@example.org, +352 49 93 728)