UK business banking platform Quid Global and cross-border payments platform Currencycloud have partnered to launch Quid’s multi-currency global wallet for businesses.
The integration with Currencycloud will provide Quid’s SME clients with a multi-currency wallet that can convert between EUR, GBP, USD, CHF, AUD and NZD currencies anytime.
Founded in 2020 and headquartered in London, Quid’s platform also provides company formation services. The company also has offices in Switzerland, Italy, Ireland, New Zealand and the US.
Since 2012, Currencycloud has processed more than US$100 billion for financial institutions to over 180 countries. The company was acquired by Visa in 2021.
“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,”
said Nick Cheetham, Chief Revenue Officer at Currencycloud.
“The multi-currency Global Wallet we have developed with Currencycloud is a key product in our ecosystem to support the success of any new business and facilitate easy payments for our customers in many regions globally,”
said Simon Byrne, Managing Director at Quid.