Xantos Labs, the investment adviser for everyday people, has announced its plans for global expansion following its partnership with Currencycloud, a Fintech firm that is simplifying business in a multi-currency world.
For several years, Xantos Labs has been offering its “transparent” and “pragmatic” investment advice to everyday consumers in the US who “want to invest in US securities but have found offering its services to an international audience difficult,” the announcement noted.
Each territory had “specific solutions for their regions, but no one provider could offer the global coverage of Currencycloud,” the update noted.
Chuk Orakwue, Managing Partner at Xantos Labs, stated:
“We looked at our competitors and realized that we could exercise a first market mover advantage if we were willing to jump into international markets. As we were evaluating different partners that could help us make this happen, Currencycloud stuck out as a particularly capable platform. We knew we could work together on delivering extremely high-quality investment advisory services to the world.”
David Heitzmann, Vice President Sales & General Manager, North America at Currencycloud, remarked:
“When we were talking with the team at Xantos Labs about their ambitions for global expansion, it soon became apparent that we could provide a solution that would support them in all their target territories. We look forward to working with them as a result of this partnership.”
Everyday investors across the globe are now able to take advantage of Xantos Labs’ advice and investment platform “with immediate effect.”
Mike Laven, CEO at CurrencyCloud, had noted in July 2021 that he is really excited that Visa is acquiring Currencycloud. This is “a great day for our employees, our customers, and the broader financial services industry as we embark with Visa on the next phase of our existing partnership to improve the experience of moving money across borders,” Laven added.
He had also shared:
“Currencycloud was founded with a vision to re-imagine the way money flows globally for businesses. Moving money across borders shouldn’t be hard, and yet many companies and small businesses still feel the pain of slow, expensive and opaque payments and foreign exchange. By removing many of these barriers, Currencycloud’s APIs have today enabled processing of over $100 billion in transactions on behalf of some of the boldest names in Fintech and finance, from challenger banks to remittance and fintech companies.”