Currencycloud has received the Australian Financial Services’ (AFS) licence to offer its services in Australia.
Currencycloud has some fast-growing clients in Australia but had been limited to international payments only. With the licence, its clients can provide their customers with collections, management services and the Currencycloud Spark multi-currency ewallet. The ewallet allows clients’ customers to pay, collect and hold more than 30 currencies in one account.
The granting of the AFS licence follows the appointment of Nick Briscoe as Country Manager of Australia, this January. It gives Currencycloud the springboard to build the team and ramp up customer support in-country.
“The fintech landscape here is incredibly vibrant and highly sophisticated in its approach to both clients, and service providers. Gaining our Australian licence puts us in a great position to support our existing Australian clients and their ambitions, as well as work with other businesses across the country,” said Briscoe.
Photo: Karolina Grabowska