About the firm:
Currencycloud is majorly known for its broad and dense network of local and international banks that makes FX conversions easy, cost efficient and helps in raising funds faster.
The company was founded and led by Richard. He led the foundation and has played an important role in the company’s rapid growth during the initial years. From beginning his career by working at HiFX – one of the largest foreign exchange market brokers in the UK – Richard gained a deep understanding of the finance and payments sector for leveraging a company in such stream.
As per the recent bulletins, Currencycloud has announced a partnership with TangoPay which is a FinTech having a mission to uplift its remittance services for UK-based expat customers.
The agenda behind this following collaboration is to introduce real-time competitive foreign exchange (FX) rates and additional localized payment options for elevating the remittance in its services.
The essence of this partnership also holds a mutual goal to improve operational efficiencies and mend payment services especially designed as per the specific needs of customers. Currencycloud’s advanced APIs will allow TangoPay to significantly enhance its remittance services, offering customers less transaction times, reduced fees, real-time exchange rates, and a diverse spectrum array of payment options available on a single platform.
The company specializes in offering solutions that eases business transactions in a multi-currency context, leveraging technology to provide services required for the complex needs of global businesses. Whereas, TangoPay focuses on leveraging FinTech innovations to meet the diverse needs of the UK’s huge community, ensuring financial inclusion and ease of global payments for the community.
TangoPay, by integrating Currencycloud’s services, will have access to company’s traditional foreign exchange methods, limited scalability and the variety of payment options available marking it beneficial partnership for both the firms. This partnership has allowed TangoPay to offer an expanded and more customized service portfolio to its clients for fulfilling its mission of facilitating financial inclusion.
The aaplication is made available for download on both Google Play Store and the App Store, looking forward for the huge change it makes in the fintech market of UK.
Basir Sangerwal, CEO and Founder of TangoPay, praised the partnership, stating, “Currencycloud is an excellent fit for TangoPay. Before our integration we relied on traditional foreign exchange methods, which were effective but limited our scalability and the range of payment options we could offer. These limitations made it harder to meet the evolving needs of our global customer base.
“We have rapidly integrated with Currencycloud, using their APIs to add new features and services for our clients who now benefit from a more extensive and tailored service, while we are fulfilling our mission of being a true catalyst for financial inclusion.”
Aleks Stefanovski, Chief Strategy Officer at Currencycloud, also expressed enthusiasm about the collaboration: “Since their launch, TangoPay has focused relentlessly on financial inclusion, making it easy for UK’s expat community to make payments to friends, family, and businesses globally. By choosing to integrate with Currencycloud, TangoPay have made that inclusion even more of a reality by offering competitive real-time FX and fast transactions, which bring clarity, value, and speed to global remittances. We are delighted to be part of their vision and mission.”
