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Xace Expands Operations into Cyprus to Strengthen EU Presence
Xace, a leading provider of digital payment accounts and financial infrastructure for high-growth sectors such as fintech, iGaming, and digital assets, is proud to announce the expansion of its operations into Cyprus.
This strategic move marks a significant step in Xace’s European growth strategy, enabling the company to enhance local support, align more closely with EU regulations, and provide even greater value to clients across the region. With a growing number of top-tier iGaming companies already operating in Cyprus, the new office strengthens Xace’s proximity to key clients and industry partners.
“Expanding into Cyprus is a natural progression for Xace as we scale our regulated services across Europe,” said David Hodkinson, Group CEO of Xace. “Cyprus is home to a number of our core clients and partners, and this new location allows us to work even more closely with them, delivering faster, more tailored solutions within a strong regulatory framework.”
The Cyprus office will support the delivery of Euro and multi-currency accounts, virtual IBANs, and cross-border payment services. Xace already has an established team in Limassol and will be scaling up throughout 2025, with a focus on client engagement, relationship management, and operational excellence.
This expansion comes amid growing demand for alternative banking solutions across regulated sectors, particularly as firms prepare for incoming EU regulations such as MiCA.
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