Finyoz, the lendtech platform specializing in
short-term invoice financing, has joined forces with Currencycloud, a service
provider in simplifying business transactions across multiple currencies. This
strategic partnership aims to potentially advance supply chain financing,
utilizing modern technology and financial expertise.
Finyoz’s platform acts as a bridge between companies seeking
short-term invoice financing solutions and private or corporate treasury
investors. Through an intuitive online interface, companies can upload
invoices, view financing fees, and communicate with debtors.
Investors, in turn, gain access to a curated selection of investment
opportunities spanning periods from 14 to 90 days, receiving interest payments
throughout the investment period.
Piers Marais, Head of Product of Currencycloud, Source: LinkedIn
Piers Marais, the Head of Product of Currencycloud, said:
“Supply chain financing is an area that’s ripe for disruption, and Finyoz is
one of the most exciting teams in the business. The team has an excellent
vision and fully understands the needs of their two most important stakeholders
– investors and businesses in need of finance. We’re so pleased to be on this
growth journey with them and look forward to continuing to deliver new and
innovative products and services to their clients.”
The collaboration with Currencycloud introduces a pivotal
enhancement to Finyoz’s offering. Investors now have the flexibility to collect
funds in their preferred currency, which can then be converted to
the currency of the borrower. Currencycloud’s expertise in managing
multi-currency transactions empowers investors to navigate global financial
markets with ease. Additionally, investors can leverage digital wallets
provided by Currencycloud to efficiently deploy funds across various investment
avenues.
Corporate Treasury Advantages in Global Operations
Thorsten de Jong, CEO of Finyoz Deutschland GmBH, Source: LinkedIn
Notably, Finyoz’s corporate treasury clients stand to
benefit significantly from the partnership with Currencycloud. By
tapping into Currencycloud’s extensive global ecosystem, these clients can
optimize payment cycles and streamline international currency transfers. This
integration aims to enhance operational efficiency and unlock new opportunities
for businesses operating in a global marketplace.
Thorsten de Jong, the CEO of Finyoz Deutschland GmBH, said:
“Currencycloud has been a dream partner on this deal. They combine
state-of-the-art technology with robust security credentials. They’ve been
professional and dedicated throughout. Most importantly, they realised there
was no easy blueprint for this business model – we’re doing something genuinely
innovative, and that requires building things from scratch.”
Finyoz, the lendtech platform specializing in
short-term invoice financing, has joined forces with Currencycloud, a service
provider in simplifying business transactions across multiple currencies. This
strategic partnership aims to potentially advance supply chain financing,
utilizing modern technology and financial expertise.
Finyoz’s platform acts as a bridge between companies seeking
short-term invoice financing solutions and private or corporate treasury
investors. Through an intuitive online interface, companies can upload
invoices, view financing fees, and communicate with debtors.
Investors, in turn, gain access to a curated selection of investment
opportunities spanning periods from 14 to 90 days, receiving interest payments
throughout the investment period.
Piers Marais, Head of Product of Currencycloud, Source: LinkedIn
Piers Marais, the Head of Product of Currencycloud, said:
“Supply chain financing is an area that’s ripe for disruption, and Finyoz is
one of the most exciting teams in the business. The team has an excellent
vision and fully understands the needs of their two most important stakeholders
– investors and businesses in need of finance. We’re so pleased to be on this
growth journey with them and look forward to continuing to deliver new and
innovative products and services to their clients.”
The collaboration with Currencycloud introduces a pivotal
enhancement to Finyoz’s offering. Investors now have the flexibility to collect
funds in their preferred currency, which can then be converted to
the currency of the borrower. Currencycloud’s expertise in managing
multi-currency transactions empowers investors to navigate global financial
markets with ease. Additionally, investors can leverage digital wallets
provided by Currencycloud to efficiently deploy funds across various investment
avenues.
Corporate Treasury Advantages in Global Operations
Thorsten de Jong, CEO of Finyoz Deutschland GmBH, Source: LinkedIn
Notably, Finyoz’s corporate treasury clients stand to
benefit significantly from the partnership with Currencycloud. By
tapping into Currencycloud’s extensive global ecosystem, these clients can
optimize payment cycles and streamline international currency transfers. This
integration aims to enhance operational efficiency and unlock new opportunities
for businesses operating in a global marketplace.
Thorsten de Jong, the CEO of Finyoz Deutschland GmBH, said:
“Currencycloud has been a dream partner on this deal. They combine
state-of-the-art technology with robust security credentials. They’ve been
professional and dedicated throughout. Most importantly, they realised there
was no easy blueprint for this business model – we’re doing something genuinely
innovative, and that requires building things from scratch.”
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- Source: https://www.financemagnates.com//fintech/payments/currencycloud-and-finyoz-partner-for-enhanced-supply-chain-financing/
