Money Mover carries out one of the largest ever Fintech payments of $52 million

Posted on the 31st January 2018

Cambridge

Money Mover, the Cambridge-based Fintech firm, which is committed to demystifying the foreign exchange markets, last week carried out the largest transaction in its four-year history.

 The FCA-regulated firm, which boasts a fast-growing client base of SMEs and smaller corporates, worked closely with one of its larger customers to help it purchase a total of just under $52 million.

 Hamish Anderson, CEO and co-founder of Money Mover, said: “We were delighted that one of our clients chose to use Money Mover for this significant transaction. We know that our technology is of huge value to SMEs, which are traditionally under-served and over-charged in foreign exchange. Executing a transaction of this size demonstrates the appeal of our service to larger businesses, and Money Mover’s ability to deliver.”

 Money Mover launched its international payments web application in late 2014. It differentiates by providing business customers with the transparency, functionality and pricing which is normally available only to the largest corporates and institutions. Its technical development is driven by customers, and 2017 saw the introduction of payroll and bulk upload tools, making it easy for businesses to migrate all their international business to the platform. 

 This transaction, which the Money Mover team believes is one of the largest single transactions ever carried out by a Fintech payments company, marks the start of what promises to be another stellar year of growth.

 -Ends-

About Money Mover

Money Mover is the B2B online currency exchange and international payments service which empowers its customers to make cross-currency money transfers quickly, at pre-defined rates and with stable, transparent pricing. Its web application offers a rich user interface that provides SME-focused tools, reports and functionality to support existing processes/workflows.

 Money Mover is part of the growing wave of Fintech companies focused on using technology to transform the way that financial services are delivered. Its co-founders, based in three different continents, were disillusioned with the way that current money transfer practices hamstrung SMEs. They set out to create an international payments platform that put the best interests of its customers at its heart.

Based in Cambridge, UK, Money Mover is backed by Andy Homer, Sir Peter Michael, and a group of financiers, entrepreneurs and technologists.

For more information, see: https://www.moneymover.com/

Media enquiries:

For further information, interviews, comment, photography, or interest in by-lined articles please contact: 

Hamish Anderson
CEO
T: +44 1223 928030
M: +44 7798 824 786
hamish@moneymover.com