Afex, one of the world’s largest non-bank providers of global payment and risk management solutions, has announced the opening of a new office in Madrid.
Strategically located in Spain’s financial centre and growing commercial hub, the office will serve Spanish businesses that have exposure to the international markets.
Spain has a thriving and growing export market with the value of exports increasing by 4.7% in 2015 to reach an all time high of €250.2 billion(1) but is underserved when it comes to foreign exchange and international payments services. AFEX has identified an opportunity to extend its expertise and high-touch service to help businesses in Spain optimize their international transactions and manage their FX risk.
“Spain is a particularly attractive market for us and we are excited to announce the opening of our office in Madrid,” said Anthony Rea, EMEA Sales Director at AFEX. “The city is a major economic hub in Europe and home to a diverse range of businesses that we are certain will benefit from our tailored payment and treasury management solutions.”
The office, which is located on Paseo de la Castellana, is headed up by Fernando Cid Cardenas, Director for Spain, and opens with seven permanent employees. It is AFEX’s first office in Spain and joins its existing network of offices across Europe, the US, Canada, Australia and Asia.
Cardenas said: “AFEX’s goal is to provide flexible and comprehensive global payment, treasury management and foreign exchange solutions that are unmatched in the industry. We look forward to utilising our expertise, experience and high-touch service to assist clients across Spain with their international payments.”