Figo Mobility, an Amsterdam based fintech that simplifies mobility management and travel expenses for employers, welcomes an investment from Edgar Verschuur, former Global Head of Payments at Adyen. Verschuur joins the Figo team as an investor and will support the company’s next phase of growth as a strategic advisor. With over a decade of experience in scaling global payment solutions at Adyen, his deep expertise in payments, fintech, and operational excellence brings invaluable backing to Figo’s mission to simplify travel and expense management and become the leading platform.
Figo Mobility, known for offering a comprehensive mobility solution for shared mobility, public transport, and beyond through the Figo TravelCard sees a surge in demand from employers facing growing expenses due to the rise in demand of flexible mobility budgets. Where previously employees had to choose between a lease car or Public Transport card, today’s workforce increasingly expects the freedom to choose how they travel. This shift brings greater flexibility, but also introduces complexity for organisations. What once was a straightforward reimbursement has evolved into a fragmented and hard-to-manage cost category for finance and HR teams. Figo solves this problem already for leading enterprises like YoungCapital, Booking.com and Adyen.
The shift to flexible mobility brings new challenges for employers. “The experience for work travel is fragmented. Whether it’s the daily commute by public transport, a customer visit with a taxi or shared car, or a conference abroad by plane or train, employees often lack seamless access to the most efficient travel option that fits their allocated budget and schedule. Figo actually stands for Find & Go” says Figo founder Joost Pompe. “Public transport subscriptions are typically set and forgotten, while incidental travel is often booked through personal accounts, corporate cards, or manual expense flows. This results in low visibility for employers into actual usage, budgets, and ecological impact. We are beyond excited that Edgar is joining the Figo journey since he brings an invaluable amount of knowledge, experience and network to the team. During our first meeting we noticed a strong fit on product vision and culture, and are happy to work together in this next critical phase of growth.”
“Businesses need to provide flexible mobility solutions for their employees in the current climate, while staying in control of their costs and sustainability objectives. Figo has a strong team that solves tangible problems for their customers every day, and has demonstrated solid customer momentum through their modern platform and impactful partnerships. Next to this they benefit from the global trend where mobility payments are moving from closed to open loop networks.” says Edgar Verschuur.
With Verschuur’s backing and the growing demand for smarter mobility solutions, Figo is well-positioned to lead the transformation of corporate mobility and expense management. Figo is shipping the infrastructure to manage mobility efficiently – flexible, transparent, and highly scalable across markets.
Read the orginal article: https://ffnews.com/newsarticle/funding/former-global-head-of-payments-of-adyen-invests-in-figo-mobility-to-accelerate-growth/
