UK-based fintech Navro has acquired a cash transmitter licence in Washington D.C. for its funds curation platform. The licence, which is regulated and issued by the Division of Insurance coverage, Securities and Banking (DISB), is the corporate’s second within the US, following its acquisition of a Delaware licence earlier this 12 months.

The transfer is a part of Navro’s technique to broaden its providers internationally, with a deal with the US, Europe, Asia and the Center East. The corporate’s funds curation expertise is designed to handle cross-border fee challenges for worldwide companies, such because the excessive transaction prices and prolonged timescales related to conventional methods like SWIFT.

Navro’s platform offers entry to a variety of fee providers via a single API and contract, aiming to simplify the method for companies that may in any other case have to handle a number of service suppliers and fee gateways.

US enlargement and regulatory technique

Navro now operates beneath full regulatory governance within the district. The corporate famous that because the licence was accomplished through the Nationwide Multistate Licensing System (NMLS), the method for securing additional state-level licences might be simplified. The NMLS permits for due diligence info, corresponding to firm monetary data and compliance insurance policies, to be saved and reused for subsequent purposes.

The corporate recognized Washington D.C. as a very related marketplace for its providers, citing the presence of a number of multilateral establishments, NGOs, universities, and companies with complicated cross-border fee necessities, together with worldwide payroll and cash disbursement.

The licence acquisition continues Navro’s deal with working inside established regulatory frameworks. The corporate additionally holds licences in Canada, the European Union, and the UK. The information follows Navro’s $41 million Sequence B funding spherical in Might 2025.

Aran Brown, CEO at Navro, mentioned: “Securing our D.C. licence is one other necessary milestone in Navro’s US progress technique. Washington D.C. is house to among the world’s most globally related establishments and companies, which should handle a fancy net of funds in any variety of currencies and throughout a selection of jurisdictions.”

Brown additionally added: “With this licence, we are able to now present the advantages of Navro’s funds curation platform – simplicity, pace and decrease prices – successfully streamlining what was as soon as a fancy means of a number of fee intermediaries, into one single API integration and one contract.”