Currencycloud Spark customer testimonials
Currencycloud Spark allows FinTechs and Financial Institutions (FIs) to easily create accounts for their customers to receive, pay-out, and move money in different currencies at their convenience. Using a unique international bank account number (IBAN) that are able to be issued in 34 currencies means that for customers, this is all done via one multi-currency wallet in their own name.
The pilot programme for Currencycloud Spark was announced to much fanfare in 2019. Ahead of launch, over 30 FinTechs around the world have already signed up to benefit from the functionality.
Starling Bank and Currencycloud have had a long relationship, and so it was no surprise that Starling were one of the first to take advantage of Currencycloud Spark. As part of the pilot programme, Starling has been offering business customers the opportunity to hold both USD and GBP accounts.
Remitr Global Business Account (GBA) recently launched with the help of Currencycloud Spark. In just a few weeks, it has already received elated responses from Remitr customers who now have predictability of cash-flow and control over receivables. Remitr’s GBA empowers small businesses to get paid in multiple currencies without paying exorbitant bank fees or having to open an overseas bank account. One of their newest customers has already saved upwards of $1400 in less than two months of using GBA.
The Singaporean based cross-border payments platform for businesses launched its Global Borderless Virtual Account (GBVA) in June 2020. By utilizing Currencycloud Spark, TranSwap’s multi-currency account allows customers to hold 34 currencies, receive and pay-out funds to anyone in the US, UK, EU, as well as convert currencies. Since launch, GBVA has seen unprecedented interest from TranSwap’s customers. They are targeting to onboard 10,000 of customers in the next few months.
Money Mover and Currencycloud have been working together for several years and if ever there was a gap in the offering, it was on the receiving side. Customer feedback indicated that there was a real need for the capability to receive payments into named accounts for Money Mover customers. Currencycloud Spark fills the gap in their offering with a sophisticated but easy-to-use suite of tools. The multi-currency IBAN solution (where a single IBAN can be used to collect payments in any currency), has been well received by Money Mover customers.