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Airwallex partners Public to reduce FX costs for UK investors buying US-based equities

By Gloria Methri

August 31, 2023

  • Airwallex
  • Asset Trading
  • Cross Border Payments
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Airwallex, Public, FX Conversions, UKAirwallex has entered a new partnership with Public, a US-based multi-asset investing platform, to minimise conversion costs for UK investors when purchasing American equities on the Public app.

The news comes on the heels of Public’s entry into the UK, the company’s first expansion outside of the United States. With this launch, UK members can create a portfolio with over 5,000 US-listed equities, benefit from low FX fees, and zero commission trading during US stock market hours, all while accessing Public’s deep data and insights.

Airwallex’s financial infrastructure and global payment capabilities create a seamless investment journey for Public’s customer base. Through Airwallex’s API and developer toolkit, Public can create a frictionless experience for UK investors when they convert their GBP into USD in order to invest in US stocks. The offering gives the Public a competitive edge as it continues to grow its UK user base. Airwallex’s integration has also made it easier for UK members to access the US markets.

Ryan O’Holleran, Head of Enterprise Sales, EMEA at Airwallex, said, “Access to a global investing platform levels the playing field for retail investors, and Airwallex’s financial operating infrastructure enables businesses like Public to operate on a global scale. We are excited to be powering Public’s UK app and further break down barriers for UK investors to access the U.S. market.”

Speaking about this partnership, Dann Bibas, GM of International at Public, said, “Partnering with Airwallex has allowed Public to take the first step toward growing from a U.S.-based-investment platform to a global one, aligning with our mission of making public markets work for all people. Looking ahead, we are confident that Airwallex’s suite of products across cross-border payments and FX will enable the Public to support more investors in more places for a long time to come.”

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