Remitia Limited, the rapidly growing instant payment platform based in Canary Wharf, London was the first member of Boris Johnson’s U.S. trade mission to strike a deal stateside by partnering with NASDAQ-listed eProcurement firm Elcom International.
Now, Remitia, an Innovate Finance and a Canary Wharf Level39 member, has gone one step further and opened its U.S. headquarters at 85 Broad Street, New York City – right at the heart of Manhattan’s financial district. Firmly cementing Mayor Boris Johnson’s desire to showcase London as the FinTech capital of the world, Remitia believes that expanding into the U.S. was a natural progression.
Speaking from their Canary Wharf offices, David Brown CEO and founder of Remitia said, “Thanks to Mayor Johnson’s FinTech Trade mission, we have gained an outstanding platform to network with some of the most powerful players in NYC. Using this as a springboard, we have already attracted senior executive talent from Blackrock, Morgan Stanley and Oracle to join Remitia and oversee our growth in the U.S.”
Remitia’s intelligent risk analytics enables large corporates a solution to offer instant payments for their entire supply chain, including their small business suppliers. Remitia’s predictive analysis puts them in the unique position to price the risk of instant payment, before approval and that is a game-changer because waiting to pay an invoice after approving it; is so last century.
Remitia’s revolutionary approach to payments innovation recently created a buzz getting shortlisted as a finalist at the prestigious Payment Awards in London in November 2015 and reaching the final round FinTech Circle’s September 2015 funding event. The company is now poised to become a major player, disrupting the supply chain finance space.