Why VoPay is Bringing Its Financial Technology Solutions to Europe Next

Earlier this month, we reported on Vancouver-based VoPay’s progress in expanding to the US market.

The Canadian provider of embedded financial technology solutions leveraged a partnership with US fintech Cross River Bank to “dramatically increase” VoPay’s market reach south of the border.

Building on this, VoPay this week set its crosshairs overseas, with global financial hub London marked for the bullseye.

“Our vision is clear: to establish VoPay as a dominant force in global financial technology,” says founder Hamed Arbabi.

Targeting the European market represents “a significant stride” in VoPay’s journey toward global expansion, according to a statement from the fintech.

“Our journey through the US and now into Europe, starting with the UK, reflects our dedication to innovation, inclusion, and the transformative power of embedded financial services,” said Arbabi, who serves his company as chief executive.

London, a longstanding financial centre of Europe, will serve an initial foothold for “ambitious growth plans in the region.” The city already boasts more than 3,000 fintech firms.

“London’s vibrant fintech community and forward-thinking environment are exactly what we need to propel our expansion in Europe,” Arbabi believes.

VoPay’s journey across the pond is driven largely by the United Kingdom Fintech Canadian Technology Accelerators program, which is designed to help Canadian startups get exposed to the UK—the world’s top exporter of financial services.

“Our selection for the UK Fintech CTA program is not just an honour; it’s a pivotal moment in our mission to lead financial technology innovation across borders,” said Arbabi.

While the CEO believes that London is the ideal launchpad to write VoPay’s next chapter of expansion, he emphasizes just that—London is a key checkpoint along an important journey, but by no means an ultimate destination.

“The CTA program is a vital step,” Arbabi says, “but it’s just the beginning of our European adventure.”

Other parts of VoPay’s adventure include a state-of-the-art Artificial Intelligence Lab and collaborations with other Canadian fintechs such as Parvis Invest.

Founded in 2015, VoPay continues to innovate its product offerings, as highlighted by the recent launch of an Instant Bank Account Verification solution.