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Romania's Twispay moves to new office space in Bucharest, plans new hires

Romania's Twispay moves to new office space in Bucharest, plans new hires Twispay's new Bucharest headquarters Source: Twispay

BUCHAREST (Romania), September 22 (SeeNews) - Romanian online payments services provider Twispay said on Thursday it has relocated its operations to a new headquarters in Bucharest and plans to make new hires by the end of the year.

The new 1,000 sq m office space currently houses the company's 40 employees, Twispay said in a press release.

By the end of 2022, the company aims to employ an additional 10 people.

"The fact that, in five years, we have gone from a few employees to a team of almost 40 professionals is a sign of maturity both for our company and for the local fintech market," Twispay CEO Augustin Dobre said.

In Romania alone, the transaction value of digital payments will exceed $8.99 billion (7 billion euro) at the end of 2022, according to foreign analysts.

Twispay, part of the Elrond network, is a Romanian electronic money issuing institution. The company offers services for processing payments and issuing digital money for use in online transactions.

In 2021, Twispay registered a net loss of 3.56 million lei ($715,843/720,592 euro), according to data posted on the finance ministry's website.

(1 euro=4.9412 lei)

 
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