Money Mover is the online currency exchange and global payments service dedicated to SMEs.
Money Mover aims to make international money transfer an asset rather than an inhibitor for SME growth by empowering businesses to make global payments and international money transfers quickly, at pre-defined rates and with transparent pricing. Its online platform offers real-time exchange rates, accurate quotes and global payments functionality that integrates with existing SME applications and bank products.
Money Mover is part of the growing wave of FinTech companies focused on delivering a better quality of service than incumbent institutions. The cofounders of Money Mover, based in three different continents, were disillusioned with the way that current money transfer practices hamstrung SMEs. They set out to create a global 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.
“The report highlighted the ongoing lack of transparency in the way that [FX] deals are priced”
“Money Mover's achievement shows the tremendous business opportunities that exist for fintech entrepreneurs...”
“Startups that will help you save money on foreign currency exchange”
“Money Mover - shortlisted for 'Innovation in Money Transfer/FX’”
“Built to reflect the highest standards of security, user experience and technical development”
“Is Money Mover the future of financial technology?”
“Innovate Finance's global summit will showcase many of the world's leading fintech and alternative finance firms”
“If you rely on your bank to handle moving your money between different countries and currencies, there’s a good chance you’re paying excessive charges for the privilege”
“The Money Mover web application has been developed with the needs of the SME in mind”
“There’s a pressing need for better FX transfer services for SMEs.”
“The UK startup chasing a $500bn FX market TransferWise can’t address”
“the payment partner that is transparent, trusted and genuinely invested in helping their businesses grow”
A market where international money transfer is an asset rather than an inhibitor
To liberate SMEs from the bank-led hegemony that dominates international money transfer, deliver a better quality service and reduce the associated cost. Money Mover seeks to empower SMEs to make informed decisions about currency exchange and global payments. Only by demonstrating value to our customers and building their confidence in our business will Money Mover truly challenge the incumbents.
Money Mover is:
A partner to SMEs, not a counterparty
We support our customers’ business growth. We understand SMEs, their frustrations with current providers and what needs to change for the better. By freeing capital set aside for international payments we help SMEs to expand their business, employ more people, and deliver greater value to the economy.
Open, honest and transparent, not secretive or opaque
We will always give our customers the information that allows them to make an informed decision. We don’t hide anything in the small print – the service our customers see online is the service they get.
Founded on the belief that our technology is an enabler, not a gimmick
Although we’re a FinTech company, we don’t use technology for technology’s sake. We use it as a tool to ensure a smooth, easy and simple transaction. It sits in the background, enabling our services and ensuring we deliver utility.
We immediately saw the benefit in the ability to quickly, easily and safely transfer money by using Money Mover. Our savings across the group over the last six-month period have been into USD six figures (yes, six figures!!) and we can see that increasing in the future.
Will Wallis, Stockford Limited
It is so convenient to be able to do everything online with the click of a few buttons. With Money Mover I can quickly and efficiently move money from one currency to another.
Denise Cadd, Business Logic Systems
In the first two months of using Money Mover, Intelligent Optimisations saved approximately £1,000 and are expecting that this figure will be in the tens of thousands in the future.
Rory Kindlon, Intelligent Optimisations
The transparency, ease of use and the way Money Mover keeps you informed of where your money is throughout the whole transaction, for a business like ours, is invaluable.
Bill Ward, Ward Trade Marks
Saving money is great but not at the expense of a significant amount of management time. I found the registration process to be thorough but also straightforward.
Bob Boyle, Sentinel Oncology
I reduced my fees by 60% by using Money Mover compared with what we would have paid at our bank – and that saving goes straight to our bottom line.
Adrian Watson, Geospatial Insight
We find the rates and service are excellent - can't recommend them enough. My favourite bit is not having to 'do a deal' with an FX trader every time you want to pay an overseas supplier! The mid-rate, costs and rate you are getting are all clear and it is done over the internet.
Money Mover has a small group of international private investors who believe in our vision for cheaper, simpler and more transparent financial services.
Money Mover works with a group of carefully selected partner organisations. Read about some of them below.
The clever people at Onespacemedia have helped create Money Mover’s website and web application. They are based in Cambridge, growing fast and have a terrific local reputation.
We have chosen the Currency Cloud to be our payment service provider. We have a great working relationship with them and their secure payments engine powers our foreign exchange services.
Money Mover is a founding member of Innovate Finance - the recently launched FinTech industry organisation, committed to accelerating the UK's leading position in the global financial services sector by directly supporting technology-led financial services innovators.
Money Mover is a member of Level 39 - Europe's largest technology accelerator for finance, retail, cyber-security and future cities technology companies.