![]() The company expects to hire double digit number of employees by the end of 2021 and is applying for a license with the Monetary Authority of Singapore. It already names many of the region’s most innovative brands as clients, including TranSwap, NIUM, Wallex, XTransfer, WireBarley, PicoPay, CurrenC & Geoswift. “Our office in Singapore will enable us to continue to improve our services for our customers across South East Asia, Australia, Hong Kong and Japan.”Ĭurrencycloud processes over $3 billion in international payments each month and Asia-Pacific is one of its fastest-growing regions, with associated transaction volumes trebling across its platform in 2020. We aim to provide the pipes for all these Fintech companies when moving money across borders, helping them focus on building innovative products for their customers” said Todd Latham, Chief Growth Officer at Currencycloud. ![]() “Asia Pacific is a hotbed of financial innovation, and we anticipate significant ongoing growth of Fintech companies across the region. ![]() The new office will allow Currencycloud to provide on-the-ground support for existing customers while bringing its embedded solutions to even more Fintechs, banks and financial institutions. Covid-19 has created a surge in digital payments, generating an urgent demand for even more seamless cross-border payments. According to a McKinsey study, it is already the largest contributor to global payments revenue and is expected to surpass $1 trillion by 2023*. Rohit Narang, Co-founder & COO of Trusting Social, a big data analytics firm specializing in credit scoring on alternate data, also joins the company as Managing Director for the region.Īsia has a giant payments market. The new office, located in Raffles Quay, will serve as a hub to drive the London-based Fintech’s expansion throughout the wider region. ![]() Rohit Narang, Co-founder & COO of Trusting Social, joins as Managing Director of Currencycloud APACĬurrencycloud, a leading provider of B2B embedded cross-border solutions, today announced it has officially opened its Asia-Pacific headquarters in Singapore. ![]()
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