Fintech Firm Currencycloud Partners with Scottish Startup Skedadle

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle in order “to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.”

Skedadle rewards travelers for the time “they spend playing on-the-go.” They can “earn £2 per day simply for playing games on the move.” That’s “an extra £60 in their pocket each month.”

This can be “done thanks to a disruption in the advertising market, by using algorithms to verify and track the users’ engagement with ads, proven to be higher while playing than in traditional online advertising, which increases product and brand recall for advertisers.”

Thanks to the partnership with Currencycloud, Skedadle users “can use the app on public transport and be reassured that all financial transactions and financial data comply with the highest standards of security and validations.”

By connecting to Currencycloud’s API technology, Skedadle has been “able to integrate in their app a state-of-the-art payments ecosystem that seamlessly bulk settles the money earned from advertisers into a secure account and then processes withdrawals from users fast.”

At the same time, Currencycloud also “sets the infrastructure that will enable them to grow both geographically in the UK and globally, by providing access to 38 currencies and low cost, fast FX rates.”

Nick Macandrew, CEO and Founder at Skedadle, said:

“Trust and security are crucial, especially when it comes to people’s money. As we rapidly grow our platform, we need a solution that can keep up with our pace and Currencycloud do just that. Our cutting-edge technology requires a secure, stable, and simple way of managing payments, whilst guaranteeing the best user experience possible.”

Nick Cheetham, Chief Revenue Officer at Currencycloud, commented:

“Backing bold start-ups from day one has always been part of our DNA. Skedadle’s creation of new revenue streams for travellers and advertisers alike is an exciting business endeavour. We are eager to see how the platform can grow and disrupt the market by integrating our seamless payment capabilities.”

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