StormPay has announced a distributorship agreement with Safenetpay, an Electronic Money Institution (EMI), as the firm continues to expand its network.
The deal means that StormPay can now roll out the first phase of ‘StormPay Business’. Early adopters – such as SMEs, micro businesses and start-ups – may register their interest as they look to benefit from its new multi-currency accounts.
Otabek Nuritdinov, CEO and Co-Founder of StormPay, commented: “Money concerns are among the top causes of stress and anxiety in our daily lives. We are determined to change that. I believe we are on the brink of a major disruption that is going to revolutionise financial management as we know it, and the team I’m building is 100% focused on doing things differently.
“We’re excited about today’s unveiling and what the rest of 2022 has in store for next generation customers who desire a hyper-personalised experience.”
It builds on a period of rapid growth for StormPay, with the firm embarking on a hiring spree as it got onboard 25 experts in the space with the aim of developing its solutions for both business and personal customers
Furthermore, StormPay is a member of FINTECH Circle, Innovate Finance and Level39, allowing the team to learn from and share best practice with other fintech start-ups. In addition, StormPay has partnered with open banking service vendor Ozone API.