Polish fintech Aforti Exchange, which offers online foreign exchange services, has reached approximate EUR 3 million monthly turnover in just 7 months since establishing operations in Romania. As a comparison, the same result was accomplished in Poland only 32 months after kickstarting operations in 2011.
Already in November 2017, which was the second month of operations in Romania, Romanian entrepreneurs have exchanged 50 times more currency using Aforti Exchange than in the same period after establishing operations in Poland.
“Romania has exceeded all our expectations when it comes to the dynamism of the market. We see Romanian entrepreneurs as very receptive to try new financial solutions and to explore alternatives to traditional banking services. We have learnt that Romanians are also quite tech savvy and aware of newest digital trends, which is a sign of a great potential for Aforti and our plans to expand our operations in Romania,“ said Aleksandra Wodzisławska, President of the Board at Aforti Exchange SA.
Headquartered in Warsaw, Poland, Aforti Exchange is part of Aforti Holding, financial group listed on the NewConnect market of the Warsaw Stock Exchange. Aforti Exchange Romania was the first company within the Group that opened abroad, followed by Aforti Exchange Bulgaria. In the next expansion move, Aforti will launch Aforti Finance, an IFN for Romanian start-ups and SMEs.
“Despite general assumptions, companies with import and export operations are not our primary client base. We see a large number of Romanian clients, especially at an SME level, who deliver or contract themselves services abroad and are in need of quick access to currencies. The impressive growth numbers show what potential lies in Romanian entrepreneurship,” said Dorin-Claudiu Sterie, Country Manager at Aforti Exchange Romania.