Decimal’s founder, Jan Kolbusch, is currently based in the US before setting up an office in San Francisco.

The expansion comes as Decimal looks to capitalize on developments in the US fintech market, particularly the proliferation of “robo-advice”.

“The recent emergence of various offerings, including specific ‘robo’ investment and financial ‘wellness’ applications, has driven interest in Decimal in the US due to its significant distinctiveness,” the company said in a statement.

“The interest is in two areas: financial institutions that need to accelerate their response to consumer-driven digital transformation, and non-financial consumer brands that want to add distribution of personal financial services.

“They cater to consumers in all market segments who are increasingly looking to online solutions for their financial needs.”

The move follows the announcement that former Macquarie executive Carolyn Colley will head up Decimal’s Australia and New Zealand operations as regional CEO.