Settle Group, a European mobile payments provider, announced on Tuesday it has partnered with Currencycloud, a provider of B2B embedded cross-border solutions, to add foreign exchange and cross-border payments for its invoice financing and factoring customers across Europe. Settle Group revealed that the partnership will also enable it to expand its payment network by offering local payouts in markets where Settle is now locally connected through its own partnerships.
While sharing more details about the partnership, Settle Group CEO, Daniel Doderlein, stated:
“Our partnership with Currencycloud is the first of its kind for us. We see that Currencycloud, as a long-standing fintech, such as ourselves, provides rock-solid technology and capabilities that help accelerate our business and our abilities to pursue our vision of creating a service that seamlessly integrates with a company’s pre-existing billing flow. After standing shoulder to shoulder at financial services conferences for a decade, it’s a rewarding experience to work with fintech enablers like Currencycloud.”
Steve Lemon, Vice President Strategic Partnerships and Co-founder of Currencycloud, also commented:
“Our purpose at Currencycloud is to reimagine the way money flows to create a better tomorrow for all. Our partnership with Settle does exactly that, for both businesses and consumers and we’re looking forward to growing the partnership moving forward.”
Founded in 2010, Settle claims it was the first mobile payments platform in the Nordics (mCASH) and launched the first mobile payments solution in Norway. The company is on a mission to make it easier than ever for people and businesses to pay, as well as get paid, all over Europe.
“Settle is a mobile payments solution that empowers consumers and merchants to use their mobile phone to pay and accept payments anywhere.”
The partnership with Currencycloud comes less than a month after Settle announced it is now live in Bulgaria. Settle revealed at the time that Bulgaria is its 22nd market, making it the “largest collaborative” mobile payment network in Europe, the company claims.