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 payments space, and we look forward to furthering our success with the launch of Moneycorp France.”
