Navro Secures Texas Money Transmitter Licence
The London-based payments FinTech adds Texas to its existing state authorisations in Delaware, Washington DC and Florida.
Updated on Nov. 2, 2026 in Financial Services
Navro, a London-based payments FinTech, has secured a Money Transmitter Licence from the Texas Department of Banking. The licence allows the company to handle payments and facilitate remittances across Texas.
Why it matters
The licence extends Navro's North American footprint, building on existing authorisations in Delaware, Washington DC and Florida and a Foreign Money Services Business registration in Canada. It positions the company to serve Texas-based businesses and payment flows within its broader payments platform.
Navro manages workforce payouts for more than 200 large corporations and handles international payments for 1,700 pension schemes. Its Navro Statutory & Tax arm operates across 95 countries, while partner Multiplier uses its infrastructure in more than 160 countries.
The players
Navro
Navro is a London-based payments FinTech company that provides global payments, payroll and pension services to businesses.
Texas Department of Banking
The Texas Department of Banking is the state agency that licenses and supervises money transmitters operating in Texas.
Strada
Strada is a payroll provider that has partnered with Navro to strengthen its end-to-end global payroll offering.
The details
The Texas Money Transmitter Licence lets Navro handle payments and facilitate remittances across the state. Navro's platform connects businesses to a curated network of payment providers through a single platform, API and contract, and selects the payment and banking infrastructure for each transaction.
Timeline
2026: Navro expanded its presence in payroll and pensions verticals.
- 2026-11-02
Navro's Texas Money Transmitter Licence was reported.
Market Landscape
State-by-state money transmitter licensing remains the primary route for non-bank payments firms to operate across the US. Navro's Texas licence follows its earlier authorisations in Delaware, Washington DC and Florida, extending that footprint rather than starting a new market entry.
Businesses and individuals in Texas who send or receive international payments may gain access to Navro's services as it begins operating under the new licence. The extraction does not specify pricing or product changes for end customers.
The takeaway
Expanding through state licences is a practical step for payments firms seeking US reach. Businesses evaluating cross-border payment providers should confirm each provider's licensed states before relying on its services.
Further reading
For related coverage, see Financial Services news across the Texas business landscape.
