Nium, a global fintech infrastructure platform, announced on Tuesday it has formed a partnership with U.S. neobank Unifimoney to enhance the outbound money transfer experience for Unifimoney users. Nium further revealed that the collaboration will expand Unifimoney’s capabilities, as well as introduce real-time global payment capabilities to customers.
“The international money transfer capability provided by Nium will supplement Unifimoney’s solution for automated money management across saving, spending and investing. Unifimoney users will be able to send funds overseas to major corridors in Europe and Asia easily within the app, and at a much lower FX rate than banks.”
Speaking about the partnership, Gabriel Grisham, Vice President & Head of Business Development in the U.S. at Nium, stated:
“In today’s competitive payments environment, new technology makes an incredible difference in delivering the best customer experience, and we are thrilled to be the trusted provider for international money transfer services for Unifimoney and its customers.”
Ben Soppitt, Founder and CEO of Unifimoney, added:
“The Unifimoney user is a high-earning, highly educated professional, often in tech or medicine. Many have already asked about sending money to friends and family back home, so we’re very excited to deliver the best-in-class solution for global payments by partnering with Nium.”
Founded in 2019, Unifimoney explained that it delivers high performance banking with a low cost model.
“We don’t have any of the costs of traditional banks (people, buildings, old tech and marketing) and acquire customers in atypical ways at low cost. An experienced team bringing together deep industry knowledge and contacts in addition to cutting edge growth marketing skills.”