Zurich-based fintech Yokoy is advancing into Germany and has other European markets in its sights.
Yokoy is expanding into the German market and opening an office in Munich, the Zurich-based fintech startup said Tuesday.
Done Deals
Yokoy, which automates corporate credit card and expenses processes, said it already had contracts with major German customers.
Under country manager Ben Bauer the company is targeting large and medium-sized companies.
Already in Austria
The move into Germany comes just eight months after it entered the Austrian market. Yokoy said in the statement that the next milestones in its European expansion were heaving into view.
100'000 Users by End-2021
The company added that it expected its user numbers to rise to 100,000 from 45,000 now.
Yokoy said it already had over 300 corporate customers in Switzerland, including online bank Swissquote and train builder Stadler Rail. Its investors include telecom Swisscom and stock exchange operator SIX.
