Fyorin: bringing end-to-end global financial solutions to SMBs with Currencycloud
Background
Payments and financial operations platform Fyorin was founded with a mission to provide SMBs with innovative global banking and cross-border solutions that would help them increase efficiencies, reduce costs and grow into global markets. Traditionally, SMBs have been underserved by financial products and banks, who tend to focus on larger clients leaving SMBs without a solution that meets their financial needs in the global market.
Fyorin connects small medium businesses (SMBs) from all over the world into a single network, providing them with the opportunity to expand their business banking capabilities to other members on the network, without increasing their risk exposure. This enables members on the network to offer better business banking services to their clients.
Solution
To achieve their mission of helping smaller businesses thrive in a competitive global market, Fyorin built a comprehensive financial operations platform. However, Fyorin realized that the key to solving the major pain points of international payments rested in having a network of global financial institutions that would work together to provide smaller businesses with greater access to more currencies, more competitive FX, and better banking services such as automated cross-border payments, multi-banking and expense management.
To that end, Fyorin partnered with Currencycloud; who were one of the first financial institutions to join their network. Currencycloud’s suite of solutions expanded Fyorin’s global footprint by offering access to new countries and more than 220 currencies. This enabled SMBs to automate the sending and receiving of cross-border payments directly from their preferred accounting platform, wherever they were in the world.