Money Mover partners with leading biotech and life sciences organisations Bionow and One Nucleus to reduce foreign exchange payments for their members

Posted on the 5th July 2016

Money Mover partners with Bionow and One Nucleus to help their members with international payments

Tony Jones and Diane Cresswell

Cambridge UK, 5 July 2016 - Money Mover, the online currency exchange and international payments service, today announced its partnership with Bionow and One Nucleus - two of the leading international membership organisations working within the life sciences sector. Their members can now save money on their global payments, while benefitting from the enhanced transparency and functionality Money Mover provides.

A large proportion of Bionow and One Nucleus members make international payments on a regular basis, paying international suppliers, funding outsourced drugs discovery or simply moving funds between company accounts.  Both organisations saw the immediate benefit Money Mover’s transparent, simple and low cost service could bring to their members who often find international payments difficult, time consuming and expensive.

Tony Jones, Director of Business Development at One Nucleus, said, “Our mission at One Nucleus is to maximize the global competitiveness of our members.  To be able to support them we need to partner with services like Money Mover who make their day to day business needs simpler and more cost effective, enabling them to concentrate on their core business”.

Diane Cresswell, Executive Director of Business Development at Bionow, commented about the partnership, “At Bionow we only partner with organisations who can help our members continue to be amongst the most productive and competitive in the world. By using Money Mover, our members have access to great foreign exchange rates no matter what their size or turnover”.   

“Money Mover is delighted to be partnering with Bionow and One Nucleus.  The partnership means we can use our expertise of working within the life sciences sector to support their members with their foreign exchange requirements”, said Amanda Nunn, Partnerships Manager, Money Mover.  “As with many of our clients, their member companies often lack experience in foreign exchange and international payments, meaning they are often overcharged and underserved by the more traditional payment providers”. 

Founded by an experienced team of financiers and technologists, Money Mover is an innovative fintech startup that provides a secure and low cost way for businesses to make international payments. It is specifically designed for small and medium sized enterprises (SMEs), who are often overcharged and underserved by banks when it comes to international payments. Research by payments consultancy Accourt found that cross-border payments and currency exchanges cost UK SMEs nearly £4 billion in hidden fees, or approximately £2.7 billion more than they would pay with the best independent service providers.