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Currenxie celebrates its 5th anniversary

The Hong Kong-headquartered Digital Financial Institution turns five years old in March 2019.

Currenxie revolutionises the way freelancers, SMEs, corporates and e-Merchants conduct cross-border trade. Its Global Account is an integrated digital platform providing real-time FX, cross-border payments, global collection accounts, an API for mass payouts clients and trade finance services.

On its 5th anniversary, the financial technology company is expanding its holistic ecosystem by now offering Invoice Factoring via its platform to its existing B2B clients. 

Founder Riccardo Capelvenere explains: “Exporters from Asia have largely switched to open-account payment terms with their long-time customers. We intend to support our clients' growth with working capital solutions and Factoring is the ideal way to go. Corporates can now extend credit terms to 90 or even 120 days and get paid within one to two days”.

The Invoice Factoring solution is integrated within Currenxie’s core payments platform and offers a flexible decision-making process at competitive rates.

SMEs now can solve their liquidity requirements without having to wait to be eligible for traditional loans. Our aim is to offer a comprehensive offering of value-added services to corporates on a global scale,” Head of Trade Finance Pierre Garnier notes. “Offering Factoring to our B2B customers was a natural evolution after launching e-Commerce Financing in 2017.

Since its inception, Currenxie has processed over US$2 billion dollars in payments and made over US$20million of SME loans. It offers multi-currency current accounts not only in Hong Kong but globally in multiple jurisdictions, enabling clients to pay suppliers and get paid by buyers on a real-time global platform. Currenxie's global collection accounts are compatible with all major online marketplaces and payment gateways around the world such as PayPal and Stripe unlocking considerable savings to merchants.

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