AbbeyCross is a B2B marketplace that connects banks, payment companies, and NGOs to streamline FX trading and compliance for emerging market currencies through a single integration. The platform addresses inefficiencies in service choice and price transparency, which cost stakeholders $10 billion annually.
Funding
$9.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Emerging market FX and payment services suffer from limited service choice, lack of price transparency, and high costs. These inefficiencies result in significant annual losses for stakeholders, ultimately impacting beneficiaries in emerging markets.
Solution
AbbeyCross is a B2B marketplace designed to connect banks, payment companies, and NGOs, streamlining FX trading and compliance for emerging market currencies through a single integration. The platform addresses the challenges of limited service options and opaque pricing by bringing together leading providers and users of emerging markets FX and payment services. AbbeyCross offers side-by-side pricing, market data, analytics, and streamlined transaction execution to improve transparency and reduce costs associated with international payments. By providing a centralized hub, AbbeyCross aims to optimize FX payments and better serve clients and communities in emerging markets.
Target Audience
The primary target audience includes banks, payment companies, and NGOs involved in emerging markets FX and payment services.
Features
- Single integration point for multiple FX and payment service providers.
- Side-by-side pricing comparison for informed decision-making.
- Market data and analytics to optimize FX transactions.
- Streamlined transaction execution and post-trade services.
- Facilitates partnerships between banks, payment companies, and NGOs.