Currencycloud, the experts simplifying business in a multi-currency world, has partnered with London and Lisbon based all-in-one accounts payable platform Nook, to enable its customers to manage the full lifecycle of supplier payments from invoice processing to payment execution, accessing more than 35 currencies in a single application.
By connecting to Currencycloud’s API technology, Nook has integrated into its platform the ability to pay invoices in more than 35 different currencies, to more than one hundred countries. This means that with a growing number of businesses working with suppliers across the globe, Nook will be able to provide their customers with a service that removes multiple transactions and streamlines the process of making payments, bringing them closer to their goal of being the tool of choice for accounts payable.
Joe Lines, CEO and co-founder of Nook confirmed: “The seamless integration with Currencycloud has strengthened our value proposition as an end-to-end accounts payable solution, and has helped us to expand our addressable market to include businesses that need to pay suppliers in multiple currencies. We’re expecting a significant uptake in new customers as well as an increase in the volume of payments being made through Nook thanks to our partnership.”
Nick Cheetham, Chief Revenue Officer at Currencycloud commented: “Backing bold start-ups as they venture into international payments has always been part of our identity. Nook’s all-in-one solution to streamline accounts payable for SMEs is a perfect example of how new companies continue to thrive in the payments business through innovation. We are eager to see how the platform can expand their customer base and further disrupt the market by integrating our seamless cross-border payment capabilities.”
ENDS
Notes to editors
Currencycloud: Matt Rowntree: matt.rowntree@currencycloud.com
Nook: Benita Tibb: benita@nook.io
Nook website: www.nook.io
Currencycloud website: www.currencycloud.com
About Nook
Founded in 2021, Nook is a London and Lisbon-based start-up backed by top-tier VCs and Angel investors. The company has raised over $2m in funding to date and is on a mission to simplify how businesses trade together.
About Currencycloud
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. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, the EU and Australia, and were acquired by Visa in December 2021.
