Moneycorp Enters France, Hires Cyril Léger as Country CEO

Moneycorp, which provides payment and foreign exchange solutions to small and medium-sized businesses, expanded its European presence with the launch of its services in France. Additionally, the company hired Cyril Léger to head the Paris-headquartered subsidiary, Moneycorp France.

According to the press release shared with Finance Magnates, the company’s offerings are targeted at French companies. Touted as an alternative to legacy banks, the company is claiming its service to be superior with smart technology and competitive pricing.

“Moneycorp is strongly positioned for sustainable growth, and we’re very pleased to be expanding our physical presence in Europe with the opening of our French branch,” said Bryan McSharry, the CEO of Moneycorp Technologies Limited.

“Our platform offers French companies robust and secure payment solutions, alongside a dedication to personal service that Moneycorp has prided itself on for over 40 years.”

French Head

Léger, who has been appointed as the French CEO, assumed the role, bringing more than two decades of experience. He joined the company from Paris-based Gama FX, where he was the CEO for eleven months.

Previously, he headed the French operations for Ebury and iBanFirst. On top of that, he has worked for banks like LCL, Crédit Agricole CIB, and CIC, according to his Linkedin profile.

The company launched the French operations with six team members and is expected to quadruple the number in the coming year.

“Our clients will benefit from the dependable service and cutting-edge technology that Moneycorp is known for – and we look forward to expanding our team over the coming years,” said Léger.

Koen Vanpraet, the CEO of Moneycorp EMEA, added: “We are pleased that following our recent successful financial results, we are officially opening our doors in France. France is our sixth office in Europe, the Middle East, and Africa region, which also includes the UK, Ireland, Spain, Romania, and Dubai. This is a key milestone that exemplifies our ambitious growth plans in Europe and in the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term space, and we look forward to furthering our success with the launch of Moneycorp France.”