June 15, 2022

Swinto partners with Currencycloud to help formalize Kosova economy

Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with Swiss-based Velanis AG to launch Swinto, a financial app that offers easy, accessible instant money transfers to Swiss-based Kosovars, at no charge to them. 

The people-friendly Swinto app cuts out the time and complexity that the Kosovar population usually endure when sending money home through Swiss-based banks, and means they will no longer be stung by high fees associated with other providers. The Swinto app offers Swiss-based Kosovars the opportunity to instantly transfer money to their families and friends back home at no cost. At the same time, users can make retail and online purchases with the Swinto app.  

Swinto uses Currencycloud’s APIs to offer its low-cost FX conversions to its customers; enabling them to instantly convert money between CHF, EUR, GBP and USD currencies anytime, anywhere. The partnership will also allow Swinto to increase its currency offerings as it expands to other regions in Western Europe and the Western Balkans, including Albania. 

Says Alban Nevzati, CEO of Swinto Group: “Swinto was created to financially serve the underserved, to include unbanked customers in the financial system, and to contribute to the formalization of the Kosova economy. We aim to connect Kosovars living in different countries via the Swinto app for sending and receiving the almost one billion euros that flows through Kosova annually. Swinto is the only company that offers free, outsourced transactions and is creating an ecosystem to generate added value for all participants, starting with individuals, then to businesses and partner banks; adding value to each.”

Nick Cheetham, Chief Revenue Officer at Currencycloud commented: “One of our goals at Currencycloud is to democratize the way money flows around the world. money. The partnership with Velanis is a superb example of this. We’re supporting Swinto in their quest to make sending money home easy for Kosovars and look forward to working with them as they expand.”

The company plans to expand to the Western Balkans and Western Europe and is currently also available to Albanians. 

 

 

Notes to editors

 

Contact:

Currencycloud: matt.rowntree@currencycloud.com 

Swinto PR: vita.kupa@velanis.ch / +383 48 30 30 45 

 

About Swinto

Swinto is a financial platform of Velanis AG, which was founded in 2018 and is based in Zug, Switzerland. Through its subsidiaries Swinto Switzerland Ltd and Swinto Sh.A. the company is operationally active in Switzerland and Kosova. Swinto is an innovative app offering multiple, seamless, and state-of-the-art payment methods, instant money transfers and other financial services to customers in Switzerland and Kosova, and soon also in other countries in the Western Balkans and Western Europe. Swinto aims to create an easy, simple, instant, and trustful payment ecosystem to offer the best possible solutions to clients for their daily use. The Swinto app is available on Apple Store and Google Play.

 

About Currencycloud

Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. 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, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, 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. 

 

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