The TransferGo multi-currency business account is available now in the EU and UK, and currently includes balances in GBP, EUR, RON, and PLN, with more currencies on the way.
„The multi-currency account offers global businesses based in the United Kingdom and European Union an account through which they can hold, exchange, send and receive multiple currencies.” – the company said in a blog post.
Businesses are increasingly global, yet payments are not. Companies often face high fees, complicated currency exchange processes, slow delivery times, and friction when moving money globally, especially when working with emerging markets. „We aim to remove these barriers by providing a trusted platform with competitive rates and a seamless international payment experience.” – the company said.
TransferGo CEO and Co-Founder – Daumantas Dvilinskas says: “We see that global business payments are still broken. Not only do our services solve the various challenges faced by global businesses, but they’re up to nine times more affordable than those offered by traditional high-street banks. We want business owners to focus on growing their companies rather than struggling with supplier payments, international purchases, refund management and other daily financial tasks”.
What can companies get?
Streamlined currency exchange: competitive rates starting as low as 0.35%, making international transactions up to nine times cheaper than traditional banking options.
Localised payments: with individual IBANs, businesses can receive payments in local currencies, reducing conversion losses and enhancing cash-flow management.
Unified financial platform: a single platform consolidates key financial functionalities, eliminating the need for multiple accounts and improving efficiency.
“We’re just getting started,” said Justinas Lasevičius, Co-Founder of TransferGo and leader of TransferGo Business. “With over 50 new destinations in the pipeline and a lineup of business-tailored products—including multi-user support, batch payments, savings accounts, and more—we’re committed to serving international businesses around the world with a full range of solutions to fuel their growth and international presence.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
