Multifi and Currencycloud: Transforming UK SMB International Payments
In a dynamic global economy, the United Kingdom’s small and medium-sized businesses (SMBs) are increasingly engaged in international business transactions. To cater to the growing demands of SMBs for seamless and cost-effective international payment solutions, Multifi has joined forces with Currencycloud, a leader in simplifying cross-border payments. This partnership is set to revolutionise how UK SMBs conduct global financial operations, providing them with enhanced flexibility, convenience, and competitiveness.
Streamlining International Payments
Exciting news! multifi has partnered with @Currencycloud to Supercharge International Payments for UK SMBs!
Multifi, a UK-based cash flow management platform, is dedicated to supporting the growth of SMBs by simplifying access to business finance and aiding in cash flow management. Recognising the increasing need for efficient international payment capabilities, Multifi sought the perfect partner to make this a reality. Currencycloud, with its comprehensive suite of services, emerged as the ideal collaborator.
Multifi aims to streamline its services through this partnership, offering SMB clients an efficient international foreign exchange payment solution. This solution empowers SMBs to convert and send funds globally in over 35 currencies at highly competitive rates. It also allows SMBs to make local payouts to more than 180 countries, providing them with a comprehensive suite of local payment options.
Access to Credit and Growth Opportunities
One of the key advantages of this partnership is that SMB clients will have access to credit from Multifi. This financial support will enable them to seize growth opportunities and achieve their expansion ambitions in the global marketplace. The ability to access credit, with competitive foreign exchange rates and a wide range of payment options, positions SMBs for success on the international stage.
Rob Keown-Boyd, CEO of Multifi, emphasises the commitment to SMB growth: “We are committed to fuelling the growth of our SMB customers by simplifying access to business finance and helping them manage their cash flow. They now have a convenient and cost-effective way to pay their international suppliers.”
Currencycloud’s Vision
We’re pleased to announce our recent partnership with UK-based cashflow management platform, @multifi_finance to provide UK-based small and medium-sized businesses (SMBs) with an enhanced international payment solution.
Currencycloud, renowned for reimagining global money flows, is focused on making cross-border payments as smooth as local transactions for businesses of all sizes. Aleks Stefanofski, Chief Strategy Officer at Currencycloud, expressed delight in being chosen by Multifi to facilitate growth for SMB clients engaging in cross-border transactions. This partnership reflects Currencycloud’s dedication to enhancing the global payment landscape.
Currencycloud’s commitment to improving cross-border payments extends beyond its partnership with Multifi. In December 2023, Currencycloud collaborated with BriskPe to offer multiple cross-border payment options for micro and small businesses in India. This collaboration broadened international business opportunities for BriskPe’s users, facilitating secure and efficient cross-border transactions across more than 35 currencies.
Additionally, Currencycloud partnered with the e-commerce payments platform Xpate in October 2023. This collaboration enabled Xpate clients to expand into new markets and tap into additional revenue sources. Xpate’s platform gained the ability to provide online payment options in multiple currencies, along with access to competitive foreign exchange rates.
Conclusion
The partnership between Multifi and Currencycloud marks a significant step towards empowering UK SMBs in their international business endeavours. With streamlined international payment solutions, access to credit, and a commitment to simplifying global money flows, this collaboration promises to fuel the growth ambitions of SMBs and contribute to their success in the ever-expanding global marketplace. As businesses adapt to the demands of the modern economy, partnerships like these play a crucial role in shaping the future of international business transactions.
