Currencycloud and DynaPay team up to boost business offering

By Megha Bhattacharya

Currencycloud announced a partnership with DynaPay, part of the Dyninno Group that delivers flexible FinTech solutions for businesses, to provide its Currencycloud Spark solution as DynaPay expands its operations. With the addition of Currencycloud Spark, customers will now benefit from a multitude of new currencies, as well as transparent and real-time wholesale FX rates. This enables DynaPay to enter new market sectors, including serving multi-jurisdictional SMEs with global ties, which will now benefit from the same level of service banks are providing to multinational corporations.

Konstantin Zaripov, Managing Director at DynaPay, commented, “We offer a tailor-made product for our clients’ businesses and with the addition of Currencycloud Spark we now offer one of the best and most flexible, multi-currency products on the market. Holding different currencies in a single account means less unnecessary conversions & more freedom for business. Our clients can scale globally while getting paid like a local.”

Recently, Currencycloud and Swiss digital banking alternative CrescoFin integrated its multi-currency account infrastructure Currencycloud Spark into the latter’s expanded offering. The integration of Currencycloud Spark will allow CrescoFin to accept up to 30 currencies and clients will be able to pay, collect and hold multiple currency accounts under one unique SWIFT IBAN, allowing seamless, simple access to CrescoFin’s core product, globally.

Todd Latham, Chief Growth Officer at Currencycloud, commented, “A combination of issues around Brexit, a fast-growing customer base and speed to market were all considerations for DynaPay and we were able to deliver on all of these for them. We’re looking forward to growing with them further in the future.”