Global Fintech market size is expected to reach $332.5 billion by 2028
PSR Group, a UK based recruitment specialist, announced today that it has successfully completed a strategic acquisition into the rapidly growing Fintech sector.
PCN, a fintech recruitment business with headquarters in Amsterdam, service the Fintech ecosystem including, Cybersecurity, eCommerce and SaaS sectors across the Netherlands, Germany and the US.
This investment launches PSR Group into the European market with further plans to expand across the US.
James Sanders, Managing Director of PSR Group, said: “We are delighted to have acquired PCN following a competitive process against other interested parties. Pioneers of the 4-day work week, their people-first approach has helped attract and retain a highly skilled workforce. PCN’s knowledge of the Fintech market is unrivalled, underlined by their ever-expanding and impressive client list. During the process, I spoke with numerous clients, who all highlighted the outstanding service levels supplied by PCN. The PSR business model is centred around people, focusing on personal development, wellbeing and providing support for all our staff. The businesses are very much aligned in terms of sharing similar values, this being central towards the investment. I look forward to welcoming the PCN staff into the group”.
Rogier Rouppe van der Voort, CEO of PCN said: “Venture Investment into Fintech companies in 2022 reached $81 billion, up from $20 billion in 2020. The global Fintech market size is expected to reach $332.5 billion by 2028, driven by the rapid adoption of digital services. As a recruitment agency we are in the middle of the industry and have big ambitions for PCN. We are excited to join the group and build on the wealth of knowledge already in the business. PSR’s experience of building a successful agency with over 150 employees across multiple offices and brands and being driven by a strong set of values, has given us the confidence that they are the right partners to fuel PCN’s growth ambitions”.
David Berks, Group Development Director at PSR also commented: “The acquisition is aligned with our development strategy for the group and provides new experiences and opportunities for everyone within the business. The Senior Management team at PCN gave us great confidence in their vision of sustained growth in their current markets; this will be further fuelled by the vast experience of the contract market PSR will bring, thus offering this additional employment vehicle to clients and candidates”.