Capitex opens up a world of seamless international payments for professionals
Capitex was formed in 2018 to assist high net worth individuals and corporations and institutions with their commercial requirements to exchange currency. They are a regulated FX provider and recently partnered with Currencycloud as they moved into the regulated space.
Since its launch, Capitex has focused on eliminating risk to their customers in the international payments markets and helping them send and collect funds globally. Their mission from launch has been to enhance the way the world makes cross-border payments, making them as frictionless as possible.
EVOLVING AND INNOVATING
Today, Capitex is a fully authorized payments institution, regulated by the FCA, with over £1bn in transacted FX flow since 2019. They have recently launched the Capitex Partnerships Team to deliver exceptional, focused customer service, partnering with a network of professionals across wealth management, real estate, and sports sectors. Capitex delivers a regulated, trustworthy and reliable regulated FX solution for these sectors’ customers.
Capitex’s ethos is the same as Currencycloud’s: making cross-border money movement simple and seamless. But it was more than a common vision that would make Currencycloud the payment service partner of choice for Capitex. What was of critical importance to Capitex was that their chosen partner:
- Could get them to market quickly, without sacrificing the speed of payments for its clients.
- Would require technology that enabled them to provide services ranging from releasing payments at rapid speed on behalf of their clients, to allowing a client to access large liquidity pools for complex hedging requirements.
- Would have tech that would be fully integrated into their internal workflow.
From discussions with Currencycloud’s API team, Capitex knew this criterion would be met and decided to partner with Currencycloud.
OPENING UP MORE OPPORTUNITIES FOR CAPITEX, AND ITS CLIENTS
The partnership with Currencycloud has accelerated Captex’s ability to quickly bring new innovative products to market – offering new services to existing clients, and opening doors to new ones. For example, they can now service a UK-based business who wants to receive money from a US customer like a local.