Fintech firm Yokoy chooses Amsterdam for European headquarters
Swiss startup Yokoy, which provides AI-driven spend management software, wants to set up in Amsterdam thanks to the Netherlands' advanced digital innovation.
Yokoy expands to Amsterdam
Swiss fintech firm Yokoy has announced the opening of its European headquarters in Amsterdam. The startup, which provides an all-in-one, AI-driven spend management platform, will open a location in the city centre, a statement on the company website said.
Peter van Spaandonk, Yokoy’s new Country Manager and Head of European Sales, said: “With our new Amsterdam location, we are further strengthening our position in Europe. This hub will play a crucial role in tapping new markets and providing our customers with the right tools to take their spend management processes to the next level.”
Describing The Netherlands as a frontrunner in digital innovation, Van Spaandonk added: “The Netherlands is simply one step ahead of most other countries. It is not so much about convincing companies that software solutions are the way to go but rather showing them how to further expand on their semi-automated processes.”
The Amsterdam hub will hire a team covering engineering, marketing, sales and customer success. “We are always looking for hungry people to join our team and Amsterdam offers an international environment that is ideally suited to draw in diverse talent from different backgrounds and disciplines,” Van Spaandonk added.
Launched in 2019 under the name Expense Robot, the Yokoy raised around $26 million in capital last October and acquired rival Flow Expense in the same month.
A leading hub for fintech
As well as being home to the Amsterdam Stock Exchange and headquarters of major Dutch banks, Amsterdam has established itself as a leading centre for fintech in recent years, thanks to payment pioneers such as Mollie and Adyen, and digital bank bunq. The city’s innovative tech community, English-speaking talent pool and world-class financial infrastructure and open regulatory systems make it an attractive place for fintechs to build and scale.
Amsterdam recently ranked fourth in Savills European Fintech Occupier Index 2021, which assesses the most attractive European cities for fintech companies.