Newcastle fintech eyes international expansion following first year business success
A fintech scaleup is targeting expansion into Asia after achieving its original long-term geographical growth targets within its first year.
Kani Payments is working across Europe, the US, Middle East and Australia after its SaaS platform for reporting and reconciling transactions and moving funds became a ‘success’.
The Newcastle-based business is seeing its technology adopted by clients around the world, and is said to hold a 100 per cent client retention rate following the initial product trial.
Asia has now been identified as the next territory for Kani to target, following the huge progress of the venture since its inception in October 2018.
The business was founded by chief executive Aaron Holmes, who, alongside chief commercial officer Anthony Jarman, identified the need for a tech back office function for the financial services sector.
Both left roles in a London-based tech business to return to Aaron’s native North East to establish Kani, which is headquartered on Collingwood Street.
Anthony said: “Our first year has exceeded all our expectations and to be in so many countries already is a huge achievement and way ahead of where we planned to be. Our initial goal was European expansion, but now winning work in Asia is the ambition.
“We are still a new business and we have to grow at a pace we can accommodate and add new people to the team to support that, but things are moving very quickly.
“We have a fantastic team and everyone within it is known in the industry and has a lot of previous experience. We all individually have a reputation for knowing what we’re doing and Kani is becoming a known name in its own right now.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular North East morning email for free.