Funding
Funding not disclosed
Founders
Product
Problem
Businesses engaging in international trade face challenges with traditional payment methods, including opaque fee structures, unfavorable exchange rates, and slow fund delivery. These inefficiencies can impact operational costs and cash flow for small and medium-sized enterprises (SMEs).
Solution
Moneydero provides a digital platform for businesses to conduct international payments and foreign currency transfers. The service offers access to live market rates for major currency pairs, ensuring competitive foreign exchange pricing. Funds are delivered promptly, with options for same-day settlement to Western Europe and the US. The platform supports multi-currency accounts, enabling businesses to invoice clients in their local currency and manage international transactions efficiently. All transactions are processed through FCA-regulated e-money partners, ensuring fund safeguarding.
Target Audience
The primary customers are small and medium-sized enterprises (SMEs) that regularly conduct international business and require efficient, cost-effective foreign currency exchange and payment solutions.
Features
- Multi-currency accounts with unique IBANs for invoicing and receiving payments in various currencies.
- Access to live market rates for major and minor currency pairs, with transparent, uniform pricing.
- Secure online system for executing foreign currency transfers and international payments.
- Options for same-day fund delivery to select regions and express payment capabilities.
- Ability to lock in exchange rates for future payments without additional charges (forward contracts).
- Trade history and multiple login capabilities for audit and reconciliation purposes.
- Funds are safeguarded by FCA-regulated e-money partners.