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SINGAPORE, Oct. 20, 2020 /PRNewswire/ — International fintech infrastructure platform Nium and Unifimoney, a San Francisco-based neobank, have entered right into a partnership that may improve the outbound cash switch expertise for Unifimoney customers. The partnership will increase Unifimoney’s capabilities, introducing handy, safe, and real-time[2] international fee capabilities to prospects of Unifimoney.
Whereas new technological advances and the persevering with inefficiencies of conventional banks have given rise to dozens of neobanks, most have but to deal with the problem of worldwide cash transfers. With extra individuals turning to digital monetary instruments, and elevated competitors from different digital funds suppliers, there’s a want for neobanks to step up their choices and capabilities to remain forward, and Unifimoney is seeking to provide their buyer base but one more reason to make the change.
The worldwide cash switch functionality supplied by Nium will complement Unifimoney’s resolution for automated cash administration throughout saving, spending and investing. Unifimoney customers will be capable of ship funds abroad to main corridors in Europe and Asia simply inside the app, and at a a lot decrease FX charge than banks.
“In in the present day’s aggressive funds surroundings, new know-how makes an unbelievable distinction in delivering the most effective buyer expertise, and we’re thrilled to be the trusted supplier for worldwide cash switch companies for Unifimoney and its prospects,” mentioned Gabriel Grisham, Vice President & Head of Enterprise Growth, america of America, at Nium.
“Nium’s mission is to create a worldwide fintech infrastructure that may allow banks, monetary establishments and different fintech firms to launch and scale modern digital monetary companies with out the complexity, time and price beforehand required to take action. This partnership with Unifimoney to reinforce their funds capabilities past the US is a testomony to that effort,” Gabriel continued.
“The Unifimoney consumer is a high-earning, extremely educated skilled, typically in tech or medication. Many have already requested about sending cash to family and friends again residence, so we’re very excited to ship the best-in-class resolution for international funds by partnering with Nium,” mentioned Ben Soppitt, founder and CEO of Unifimoney.
About Nium
Nium is a worldwide monetary know-how platform redefining the best way customers and companies ship, spend and obtain funds throughout borders. The corporate is constantly innovating to supply probably the most related and agile options to satisfy the wants of customers and companies, having advanced from solely specializing in client remittance through InstaReM, to additionally offering fintech options for companies. Nium is regulated in Australia, Canada, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, United Kingdom and america of America, and processes billions of {dollars} a 12 months for banks and funds establishments, the following technology of e-commerce gamers, OTAs and retail customers internationally. Nium’s buyers embrace Visa, BRI Ventures, Vertex Ventures, Vertex Development, Fullerton Monetary Holdings, GSR Ventures, Rocket Web, International Founders Capital, SBI Japan, FMO (Netherlands Growth Finance Firm), MDI Ventures, Beacon Enterprise Capital and Atinum Funding.
For extra info, go to: http://www.nium.com.
About Unifimoney
Unifimoney gives high-performance banking: a single cell account that seamlessly integrates a high-yield checking account, a credit score and debit card, and investing. Unifimoney gives customers a wealthy set of options and performance mixed with the simplicity of automation. Serving professionals within the authorized, medical, monetary and tech fields, Unifimoney is in personal beta from April 2020. www.unifimoney.com
Media Contacts
Nium
Gillian Lavatory
[email protected]
+65 9863 8120
Unifimoney
Joseph Bien-Kahn
[email protected]
SOURCE Nium
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