Fintech

Navro becomes latest fintech to secure e-money licence

British firm formerly known as Paytrix has its European headquarters in Dublin

Michael McGrath, finance minister, with Joe Redmond, chief executive of Navro Ireland, which has developed what it claims is the world’s first payments curation platform

Navro, the British fintech formerly known as Paytrix, has secured an e-money licence from the Central Bank of Ireland, and announced a new $14 million investment.

The company, which established its European headquarters in Dublin last year after raising €16.7 million in a funding round, said the e-money licence “marks an important milestone” for it.

“Innovation is at the core of the unique Navro operating model, but so too is an unwavering dedication to strong ...