ClickPesa, a Tanzanian fintech startup company has expanded to Europe by opening an office in London which it hopes will establish partnerships to facilitate faster and cheaper cross-border remittances.
The company which started in 2016 by Richard Lema and Rick Groothuizen provides a set of digital payment services for businesses with a focus on small and medium enterprises (SMEs). With this expansion to Europe, the goal is to build key partnerships to foster international payments for companies in Africa. ClickPesa has also registered in the United Kingdom (UK) government’s Global Entrepreneur Programme (GEP), with its expansion assisted by the Department of International Trade(DIT).
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Speaking to Groothuizen, he said “DIT has given us a smooth landing and has been very helpful in assisting us in the setup as a non-UK company. Registration of a company is very quick, but setting up operations always takes time, especially being new in a country”. He further explained that DIT has a large team of specialists and with their assistance they were able to set up operations in a couple months instead of the 9-12 months they had initially expected.
This Tanzanian startup fintech company has big plans for the future as they plan on expanding into other East African countries soon and later this year they planned a funding round. Their Dar es Salaam office has now become their East Africa regional office with the UK office acting as a headquarters.