An award-winning firm moves to Amsterdam
The award-winning FinTech firm Centtrip has established a new company in Amsterdam to help grow its presence in mainland Europe. Founded in London in 2014, the firm specialises in international payments, foreign exchange and expenditure and is one of the fastest-growing service providers in the marine and music industries. It was attracted to Amsterdam by the city’s innovation-friendly environment, as well as its collaborative mindset and openness to new technology. To complement its technology services, Centtrip is also applying to De Nederlandsche Bank (DNB) for authorisation as an Electronic Money Institution.
As part of its move to the Dutch capital, Centtrip has established the new company, Centtrip Europe BV. It's also partnering with the Netherlands Foreign Investment Agency (NFIA) and amsterdam inbusiness to help invest in the country’s FinTech scene. Brian Jamieson, CEO of Centtrip, said: "We believe in partnerships, recognising them as crucial to building a meaningful and sustainable business. The Netherlands was the natural choice for our home in continental Europe. It offers an incredible business opportunity, and Amsterdam is fast becoming a key technology hub. We are committed to becoming a valuable addition to the local business community."
Centtrip’s move influenced by uncertainty around Brexit
Centtrip said its move to Amsterdam is also in response to the uncertainty surrounding Brexit, and the new office aims to provide continued support and assistance to mainland European clients seeking bespoke corporate financial services. Speaking after the news was announced, Deputy Mayor of Amsterdam Udo Kock said: "I’m proud Centtrip has chosen Amsterdam for their new European offices. I’d like to welcome them in our city and assure them they will have a smooth landing. Centtrip will definitely be a great addition to our thriving FinTech scene.”
One of Centtrip’s innovations is its multi-currency cards, a type of prepaid card that holds several currencies simultaneously and is accepted worldwide. It helps businesses involved in multi-territory travel to avoid unnecessary foreign exchange fees and allows them to pay in local currencies. It processed more than $100 million in card payments in 2018, and it's forecast that number will have doubled by the end of 2019. Freerk Ten Hoor, Centtrip’s regional business development director, said: "The Netherlands is famous for its music scene and extensive maritime industry, and Centtrip is a great fit for it. We are among the fastest growing specialist service providers in both sectors, with an established Dutch client base. And we look forward to building on this success to grow our reach in the region and beyond."