Currencycloud has partnered with Quid Global to help power the company’s digital wallet, which will support the firm’s international expansion.
Quid Global, launched in the UK in 2020 and now with offices in London, US, Switzerland, and Ireland, Quid aims to be the one-stop digital ecosystem offering business and banking-style tools dedicated to SMEs.
Currencycloud is a money transfer platform providing cross-border infrastructure connecting banks, Fintechs, etc., to move money.
Quid Global expects that 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. The Global Wallet will help clients open a multi-currency account with local and international account details in minutes and could be making international payments within 24 hours
Simon Byrne, Quid Managing Director, explains their ecosystem is designed to reduce time to market, allowing managers to focus on their core business.
Nick Cheetham, Chief Revenue Officer at Currencycloud, stated:
“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.”