StormPay provides a multi-currency business account that enables SMEs and startups to manage financial transactions in GBP and EUR without incurring exchange rate losses. The platform integrates essential fintech services, including instant notifications and smart analytics, to streamline payment processes and enhance financial oversight.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often face challenges managing transactions in multiple currencies, potentially incurring losses due to exchange rate fluctuations and high transaction fees. Existing solutions may lack integrated tools for financial oversight and real-time payment notifications, leading to inefficiencies in payment processing and reconciliation.
Solution
StormPay provides a multi-currency business account that enables SMEs to manage financial transactions in both GBP and EUR, mitigating exchange rate losses. The platform offers local payments in GBP and EUR, free UK/EU incoming payments, and instant notifications for payment activities. A centralized dashboard provides smart analytics, allowing businesses to easily understand their financial data and download transaction histories and receipts for reconciliation.
Target Audience
StormPay targets SMEs, startups, and micro-businesses that require multi-currency transaction capabilities and streamlined financial management tools.
Features
- Multi-currency business accounts supporting GBP and EUR
- Free UK/EU incoming payments
- Local GBP and EUR payments
- Instant payment notifications
- Web application for quick access to funds
- Smart analytics dashboard for financial oversight
- Downloadable transaction history and receipts