Currencycloud, the experts in simplifying business in a multi-currency world, have partnered with London-based Quid Global, the single-sign on digital ecosystem dedicated to SMEs, to launch Quid’s global wallet that supports businesses in their international development.
Founded in 2020 by a group of businessmen who wanted to ease the pain of launching and managing a business, their mission is to make entrepreneurs’ lives easier and more productive, saving them valuable time at each stage of their journey with their single sign-on platform. Quid prides itself on being a modern business and banking tool built by entrepreneurs for entrepreneurs, supporting SMEs in their day-to-day running of international business.
The integration with Currencycloud will provide SMEs with a multi-currency wallet with the ability to initially convert between EUR, GBP, USD, CHF, AUD and NZD currencies anytime. Called the Global Wallet, customers will be able to open a multi-currency account with local and international account details in minutes and could be making international payments within 24 hours.
The ever-growing functionality, speed and flexibility of Currencycloud means that Quid can scale its global presence, can quickly expand the number of currency accounts they offer their customers, and take advantage of new opportunities faster.
Quid Managing Director Simon Byrne says of the partnership, “Our digital ecosystem is designed to reduce the time to market and let our customers manage core areas of their business from a single platform. The multi-currency Global Wallet we have developed with Currencycloud is a key product in our ecosystem to support the success of any new business and facilitate easy payments for our customers in many regions globally.
Nick Cheetham, Chief Revenue Officer at Currencycloud commented: “Small businesses are increasingly operating globally and there is a huge need to process international payments seamlessly and cost-effectively. The partnership between Quid and Currencycloud offers even the smallest of businesses the opportunity to do just that.”
Notes to editors
Quid is a one-stop digital ecosystem of business and banking-style tools dedicated to SMEs. Headquartered in London, Quid has offices in the UK, New Zealand, the US, Switzerland, Italy and Ireland.
Quid makes starting and managing your business a breeze. Designed to simplify your business’s day-to-day running, Quid lets you manage core areas of your business, be it domestic or international, through one single platform with a single sign-on. Joining the ecosystem eliminates unnecessary admin and sets entrepreneurs up for success with a set of innovative tools and third-party services. From company incorporation and management to global wallets and FX, Quid helps businesses save time and grow faster in local and international markets.
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, the EU and Australia, and were acquired by Visa in December 2021.