U.S. fintech startup Kyriba Corp. announced on Monday it has formed a partnership with WorldFirst, a foreign exchange and international payments expert, to expand its global solution ecosystem. According to Kyriba, the partnership with WorldFirst will streamline payment processes, increase the speed and transparency of cross-border payments, and also reduce the transfer fees associated with international payments and FX transactions.
While sharing details about the partnership, Jean-Luc Robert, Chairman and CEO of Kyriba, stated:
“With the help of highly strategic partners, Kyriba is rapidly evolving its platform to help financial executives streamline processes, reduce fees and accelerate business performance. This integration with WorldFirst gives our clients a world-class option to simplify their FX transactions and expands our market opportunity in payments.”
Jonathan Quin, CEO and Founder of WorldFirst, also commented:
“We are on a mission to make it easier, cheaper, faster and safer for businesses and individuals to move and manage money around the world. We want to offer the benefits of our foreign exchange and international payments solutions to as many businesses as possible, and that’s why it is exciting to be partnering with Kyriba.”
The partnership with WorldFirst comes months after Kyriba announced a strategic partnership with BlackRock, a cash investment management firm. The integration with BlackRock will reportedly help CFOs and senior finance leaders invest their cash based on real-time visibility into global cash and liquidity.