Remitia is a rapidly growing instant payment platform and payments innovator. An Innovate Finance and a Canary Wharf Level39 member based in Canary Wharf, London, the company joined the Mayor of London’s trade mission to the US in February 2015.
David Brown, founder and CEO of Remitia, says the experience was extremely positive. “I would highly recommend going on a trade mission. It really helps to be part of a delegation – you can bounce off each other. Most of us have stayed in touch after the trip.
“We met many different people when we were there. There was an event in Boston which was attended by members of the British American Business Council. In fact, we were the first company in the delegation to close a deal whilst in Boston by partnering with NASDAQ-listed eProcurement firm Elcom International. We also visited New York and attended a number of events there. The KPMG networking evening was particularly useful as we were introduced to many of their clients,” continues Brown. From the contacts Brown met in New York, the company managed to secure a data analytics deal to review $10 billion of payments.
Given the success Remitia has experienced in closing deals abroad, it’s not surprising that the company is looking to grow their business links overseas. “For the first half of 2016, our focus is on Europe. We do have a small American presence but this is something we’ll be focusing on after the summer. We’re still talking to people on the East Coast and we also have contacts on the West Coast. If you want to grow your business, fostering international relationships is key. Otherwise, you’re simply limiting your opportunities.”