PayModum CEO announces ‘huge step’ as firm that started in his bedroom opens first office in Malta

CEO and Founder of PayModum, Jake Dovey, announced that his UK-based business is expanding to Malta.

Writing on LinkedIn, Mr Dovey stated that nearly four years since he founded the company in London, he is expanding his office space to the islands.

“This represents a huge step in our evolution, having originally started the business from my bedroom,” he said.

PayModum is an online payments company, founded with the aim of helping merchants with payments. “We realised that there needed to be an interface and partner network to help enable multiple markets,” the company explains on its website.

"The business helps online merchants process Visa, MasterCard and other payment methods globally. It specialises in increasing acceptance rates, enabling new markets and driving conversion,” Mr Dovey explains on his LinkedIn profile.

Today, the company works with more than 130 payment partners globally.

Mr Dovey thanked the company’s partners and customers. Additionally, he remarked that the space is large enough for four desks.

“We’ll see how quickly we grow into the next space,” he concluded.