Fintech Firm Currencycloud Teams Up with South Korea’s SentBe

Currencycloud, which claim to be the experts simplifying business in a multi-currency world, has partnered with South Korea-based global remittance and payment provider SentBe in order “to improve the regional reach of its payments service and offer its Korean consumers and businesses a more streamlined, customized experience when sending money internationally.”

The partnership “allows SentBe to offer low cost FX to its clients, enabling it to scale faster as it looks to expand into the global foreign exchange market.”

By integrating Currencycloud’s APIs into its existing FX management technology, SentBe can now “offer a fully automated payments process to its Singapore and South Korea-based customers, providing them with faster, streamlined transactions to the UK, EU, Canada and the US.”

Alex Seongouk Choi, CEO SentBe says:

“By partnering with Currencycloud, SentBe can offer a wider range of solutions and choices to our customers, including competitive FX rates. We can give them the services they need to expand internationally. Additionally, Currencycloud’s easy-to-use platform has made our client service speed quicker and simplified the entire transaction process, shortening the time it takes for our clients to receive their money. This has attracted more clients and made SentBe more competitive.”

Nick Cheetham, Chief Revenue Officer at Currencycloud commented:

“Like Currencycloud, SentBe is focused on making frictionless borderless finance a reality for its customers, opening up low-cost, seamless payments and transactions for everyone. We are looking forward to the continuation of the partnership as SentBe continues its goal of expansion into the US, Canada, Australia and Europe.”

The SentBe payment app is “available to download from the App Store & Google Play now.”

Founded in 2015 with an aim to build “Borderless finance for more”, SentBe is Korea’s cross-border payment service provider. Its products “currently serve both retail and corporate clients globally.”

With lower fees, faster transfers, and simpler processes, SentBe is “a national market leader in South Korea of international money transfers to 50 countries, which has helped the company to grow rapidly, also achieving growth in Singapore and Indonesia.”

SentBe will “expand its business to the USA, Canada, Europe, Japan and Australia to secure a foothold in the industry and to become a leader in these markets and many other ones globally.”

As covered, banks, Fintechs and businesses everywhere “can make bigger, better, bolder leaps with Currencycloud, a Visa solution.”

Currencycloud gives businesses “the capability to move money across borders, and transact globally in multiple currencies, fast.”

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