Sofia, Bulgaria, March 2, 2020 — Award-winning payment service provider, Truevo has announced it has opened a new office in Sofia, Bulgaria. The move follows the company’s growth plan to expand further into the European market. With its headquarters in Malta and a second office supporting Service Delivery and IT in South Africa, Truevo helps companies accept card payments across the globe.
“As we’ve grown, we’ve been keeping our eyes open for the right location to house a further European arm of our IT and Product teams. After much deliberation, we’ve found Sofia to be the perfect base. Here, we have discovered a highly talented workforce in a city that values innovation and supports IT education, says Truevo CEO, David Liu.
Beyond its talent base and IT focus, Truevo chose Sofia because of its economic growth, quality of life and digital infrastructure. With the IT sector booming in Bulgaria, tech companies are increasingly turning to local high schools and universities in Sofia to develop joint courses aimed at ICT skills development. After narrowing down from a targeted list of 9 cities, Sofia ultimately won out.
“Our people at Truevo are our greatest strength. By opening an office in Sofia, we’re able to attract high-quality people and offer them a professional environment that supports their big ideas and their personal growth,” says Truevo COO Charles Grech.
Truevo’s new team members are setting up in a new, modern block of offices in the heart of the city and among many other multinational tech neighbours, such as IBM, Hewlett Packard, Microsoft, and Huawei.
Truevo is a fintech company that empowers businesses to accept Visa, Mastercard and JCB payments online, over the phone, and card-present transactions on-premise. For businesses offering disbursements, Truevo also offers push payments. Truevo represents a new breed of payment tech companies that integrates multiple elements of the payment value chain so merchants and partners can enjoy the benefit of working with a single, service-oriented provider for all their payment needs.