Navro secures FMSB registration to provide money transfer services to businesses in Canada

Navro, a UK-based digital payments firm formerly known as Paytrix, has successfully obtained a Foreign Money Services Business registration in Canada, allowing it to provide money transfer services to businesses. Established in 2022, Navro offers a Payments Curation Platform that enables seamless cross-border transactions in over 130 currencies and plans to expand its regulatory presence in Canada. This year, it has also secured licenses in the UK and Ireland, alongside raising $14 million in funding led by Bain Capital. With ambitious growth plans, Navro aims to enhance its licensing footprint within the Canadian market. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures