Making moving money easier
Many of us take it for granted that paying an overseas company can be difficult, expensive and unreliable - it’s the reason many of us prefer to pay in our own currency. If this is an issue for consumers, it’s also a huge problem for businesses that need to process high value and high volume transactions to be a part of a global marketplace.
With a clear opportunity to bridge the gap between what is possible with technology and what’s on offer from traditional banks, Currencycloud was set up to reduce friction in international payments, and is a strong player in a booming fintech market.
‘All businesses should be looking at how they make payments easy for overseas customers,’ says Currencycloud CEO Mike Laven. ‘If you’re making the perfect product for a customer, they shouldn’t be put off just because their money is a different colour.’
Sitting between currencies makes Currencycloud naturally outward looking. CFO Fiona Tee says: ‘The international market is one of the big areas where fintech is making itself felt to customers. Speed and transparency of payments is a clear benefit. But so too is the collaboration that goes on behind the scenes: the silos are coming down and companies are working together to make the international payments system better for everyone.’
Mike agrees: ‘As we move forward, being open for business to the rest of the world is only going to become more and more important for ambitious businesses.’
The British Bid
The British Bid is a global initiative designed to demonstrate the best in British businesses, flying the flag of British excellence and generating new growth via overseas trade. We are excited to tell the stories of great British business, enabling them to succeed internationally by showcasing the heritage, innovation and quality of British businesses.