Fortu Wealth to make multi-currency payments via Currencycloud’s Spark

By Megha Bhattacharya

London-based FinTech Fortu Wealth today announced a partnership with cross border solutions provider Currencycloud in a bid to allow its clients to make multi-currency payments globally through its Currencycloud Spark solution. The partnership will see Fortu customers gain access to foreign exchange rates, international payments in all major currencies, as well as the provision of virtual IBANs through Currencycloud Spark.

Fortu co-founder and CEO, Azamat Sultanov, said, “For too long, our customers have had to deal with slow legacy technology and an outdated approach when it came to making international payments. The partnership will allow all Fortu users to be truly global in their approach, making cross-border payments seamlessly.”

Recently, European FinTech ZEN announced its launch in 32 markets including the UK, along with the support of Currencycloud. Businesses using ZEN now have the ability to create accounts for their customers that allow them to pay, collect and hold 35 currencies, as well as provide settlement solutions for customers using other PSPs. ZEN aims to transform digital payments and drive the future of commerce in order to simplify the online experience for both merchants and consumers.

Nick Cheetham, Chief Revenue Officer at Currencycloud commented, “Private banking has been the reserve of a select few traditional names, but Fortu is changing the dynamic of the industry and appealing to a broader, digital audience that has been under-served by traditional institutions. We are thrilled to be working with Fortu to help deliver a 21st century solution for their customers.”

Fortu is a London-based WealthTech startup that aims to make payments and investments simple for wealthy individuals and their businesses. Fortu is founded by Firdavs Shakhidi and Azamat Sultanov, founders of boutique asset management group with AUM of $500 million USD, who previously worked with UBS, EFG, Julius Baer and Pictet.