Kiwi fintech opens international office

Kiwi fintech Chelmer has opened its first international office, in the Philippines.

Tuesday, February 26th 2019, 9:50AM

Alin Ungureanu

Chief executive Alin Ungureanu said it was an important step in the company’s growth and will give more people the opportunity to create and accumulate wealth.

“Our business has gone from strength to strength and put us in an exciting position to grow our business and share our technology with the world” he said. “With a similar technology profile and infrastructure to New Zealand, the Philippines’ financial markets and growing economy offered a prime opportunity to expand into Asia.”

Chelmer offers trading and custody software to financial services firms.

In 2017, Chelmer partnered with Kris Finsoftware – a partner to suppliers of digital, wealth and risk management solutions in Asia, and the two had been working together to give Philippine banks access to Chelmer’s technology.

Alin said a dedicated office and development expertise on the ground was the next logical step.

“We’re committed to developing long-term relationships with our clients and partners, and recognised that having a local presence was going to be important. This step will enable us to collaborate more effectively on projects, and better understand and respond to the market’s evolving needs.”

Andy Robertson, Chelmer chief innovation officer, said two new developers hired by the firm would focus on enhancing Chelmer’s front-end user interface and working directly with local clients to deliver customised solutions.
“To be competitive in this market, customisation is key,” he said.

“Trusted financial software specialists who can collaborate on solutions that are flexible, easy to integrate, address specific needs and add value are high in demand. This is something our teams and technology can offer and will drive how we design and deliver solutions for our Philippines clients.”

Tags: fintech