Currencycloud has partnered with UK-based cash flow management platform multifi to provide seamless international payments for small and medium enterprises (SMEs).
The Visa-owned multi-currency company will provide multifi with its enhanced international payment solution to allow UK SMEs to convert and send funds to global partners and suppliers across 35 countries.
Aleks Stefanofski, Chief Strategy Officer at Currencycloud, commented: “Currencycloud is all about reimagining the way money flows around the world, making cross-border payments as smooth as local ones for businesses of all sizes.
“We are delighted that mulitifi has chosen us to help them achieve their goal of fuelling growth for their SMB clients who are increasingly making cross-border transactions in a growing global marketplace.”
The partnership enables multifi to bolster its payment services by providing SMEs clients with an international foreign exchange solution that can payout locally in more than 180 countries.
Benefits include more opportunities and flexibility when transferring money across the globe, access to a suite of local payment rails, as well as competitive FX and credit to enhance growth strategies.
“We are committed to fuelling the growth of our SMB customers by simplifying access to business finance and helping them manage their cash flow,” added Rob Keown-Boyd, CEO of multifi.
“We have seen demand from our SMB clients for seamless, fast, cost-effective international payment capabilities, so we looked for the perfect partner to make this a reality. Currencycloud’s comprehensive suite of services has enabled us to offer an excellent solution to our clients, most of whom are importers or exporters.
“They now have a convenient and cost-effective way to pay their international suppliers.”