PSR Group completes strategic acquisition into Fintech sector
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January 31, 2023
PSR Group, a UK-based recruitment specialist, has announced 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, e-commerce, 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, commented: “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, well-being, 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 (£75.8bn), up from $20 billion (£16.2bn) in 2020. The global Fintech market size is expected to reach $332.5 billion (£270bn) 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”.
