LONDON, UK - 26 November 2024 – Interpolitan Money Holdings Limited is pleased to announce the formation of its wholly owned Canadian subsidiary, Interpolitan Money Canada Inc.
A significant step forward in the group’s global expansion strategy, Interpolitan Money Canada has gained full regulatory approval from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), allowing the firm to operate as a payments provider in several Canadian provinces.
We will offer a range of tailored, cost-effective and fully compliant payment solutions to individuals and businesses throughout Canada, similar to the services we provide via our UK entity. Now in a position to fully leverage Canada’s payment infrastructure, we’re excited to begin facilitating seamless cross-border transactions in the region.
Anoop Nair, Interpolitan Money Head of Expansion and Banking, comments: “Expanding into Canada is a pivotal step in our mission to offer accessible, alternative banking solutions across global markets. Canada, with the world’s ninth-largest economy, presents a significant growth opportunity for Interpolitan, aligning perfectly with our vision to empower clients and intermediaries who face obstacles in traditional banking. We’re excited to support our clients with innovative solutions tailored to Canada’s unique market and contribute meaningfully to the local economy through our expansion."
Expanding global reach
“With FINTRAC’s regulatory approval, we’re delighted to begin the Canadian phase of our global expansion plan,” said Interpolitan Founder and Chief Executive Officer Rishi Patel. “This expansion allows us to deliver the high-touch, service-driven approach that Interpolitan is known for, while supporting local clients with streamlined payment solutions. It’s a great opportunity to extend our presence in a market ripe with growth and innovation potential.”
Building for the future
In the coming months, we will cement our expansion into Canada and begin onboarding clients. Our Canadian operations will align closely with our global mission and values, providing premium alternative banking for individuals and businesses worldwide.
For more information about our products and services, please visit www.interpolitanmoney.com.
About Interpolitan Money
Interpolitan Money Plc is an FCA-regulated electronic money institution (EMI) specialising in alternative banking solutions that help its private and corporate clients expand internationally, invest in foreign markets, buy property and solve global banking challenges.
As an EMI rather than a traditional bank, Interpolitan can open accounts in as few as 7–10 days. The company holds client funds in dedicated safeguarding accounts with tier one banking partners to ensure they’re always protected.
Interpolitan is part of the LCCI International Trade Advisory Service, providing clarity and offering alternative banking guidance and solutions to advisory service members, community, network and non-members. Our accounts make it easier for international clients to launch ventures in the UK and domestic businesses to expand into new global markets.
Press enquiries
For further information, please contact Jon East at jon.east@interpolitanmoney.com.
Follow us on LinkedIn, Instagram and Twitter to keep up with the latest Interpolitan news and updates.
You might also enjoy:
Comments