By Aisling Finn on Thursday 16 July 2020
As well as its headquarters in London, Fidel has offices in Lisbon, Toronto and now the Big Apple.
Financial API provider Fidel has today announced the establishment of a New York office, further cementing its jump across the pond.
The opening of Fidel’s new office comes a short while after the fintech launched in the Nordics and made its first foray to North America, opening an office in Toronto in 2019.
Fidel’s APIs provide easy access to real-time transaction data from Visa, Mastercard and American Express, giving developers easy and affordable access to real-time data.
Dev Subrata, CEO and co-founder of Fidel, said: “We decided to accelerate our plans to expand to the US due to the surge in demand for our services in the last few months.”
“US businesses are increasingly looking at how they can use payment data to drive engagement by providing new services and experiences. This, together with the size of the US market, made it a natural choice for our third international office.”
As well as opening a new office, Fidel has also appointed a new vice president of strategy to help the fintech’s stateside growth.
Patrick Nealon joins Fidel from American Express Ventures, where he focused on investments in post-Series A consumer and fintech startups.
Patrick Nealon, vice president of strategy at Fidel, said: “'There is a massive opportunity for Fidel to meet demand from American firms keen to use our API.
The size and dynamics of the US market make the States a great destination for European fintechs as well. I'm excited to support the progress already made in North America by my Canadian colleagues and I look forward to seeing what our partners will build on top of our API.”
Fidel’s clients include the likes of British Airways, Royal Bank of Canada and Just Eat as well as fellow fintech Klarna.
In September 2019, Fidel secured $18m of funding to help the fintech develop new products and expand internationally.