Payments Association member and digital account provider, fire.com has opened a new London office in Shoreditch. fire.com have taken space in “Rise”, the fintech hub run by Barclays. fire.com provides digital accounts in sterling and euro to businesses based in the UK and Ireland, enabling bank transfers for payments and remittances, a MasterCard debit card for online, instore and ATM transactions and an integration layer (API) that allows businesses to connect their applications to their fire accounts and receive real time data as lodgements arrive into multiple accounts.
Commenting on the news, Colm Lyon – founder and CEO of fire.com, said “We are delighted with this development. Since we launched the beta account we now have 1,400 businesses using fire.com which has been a great outcome. In addition we now have new platform clients (credit & lending operators and exchanges) who are using the advanced features of fire to manage their payments and collections. London is a global fintech hub and a clear choice for us in scaling the business. We intend to build our business development and marketing team from London and look forward to building new and extending existing relationships across the ecosystem.”