Dojo has received approval to operate with an e-money license (EMI) from the Central Bank of Ireland, according to a statement issued by the company.
Dojo offers a multi-cloud-native payments platforms to provide in-person and digital payments solutions alongside features like revenue-based funding and booking management software. The company claims to be one of the UK’s largest Fintechs.
By setting up shop in Ireland, Dojo is poised to expand across the EU.
In the UK market, Dojo reports that it has experienced significant growth in its customer base and reported revenues of €278 million in the fiscal year ending 31 March 2023, representing 48% year-on-year growth versus €188 million in 2022. Currently, in the UK, Dojo claims over 150,000 businesses being served.
In 2022, Dojo reports having processed over 1.6 billion transactions in the UK, representing over €38 billion in card volume.
John Irwin, CEO of Paymentsense Ireland Limited, commented on the news:
“We’re delighted to be granted our Irish EMI license – a significant milestone as we seek to bring the growth and success Dojo has had in the UK to Ireland. Dojo’s market growth in the UK speaks volumes about our relentless focus on our customers, innovation, and empowering hard-working businesses to focus on the things that really matter to them.