Currencycloud emerges in Australia to strengthen payments solutions

By Gloria Mathias

Currencycloud has announced a nearly 70% customer growth rate since obtaining its Australian Financial Services (AFS) license to operate in Australia.

Currencycloud continuously offers customers across Australia, New Zealand, and the wider Oceania region a full suite of cross-border services for collecting, converting, paying, and managing multiple currencies globally.

With increased local capacity, the company will now look to diversify its client portfolio across sectors, including regulated derivative brokerages, PSPs and WealthTech companies. Currencycloud also works closely with banking institutions as far afield as the Pacific Islands to help them expand their multi-currency accounts and cross-border payment solutions.

Nick Briscoe, Country Manager of Australia, Currencycloud said, “Australia’s FinTech scene has seen remarkable growth in recent years. The Federal Government’s Trade and Investment Commission (Austrade) recognises this potential and has positioned Australian FinTech as one of the fastest-growing markets in the world, on the back of Australia’s $10 trillion financial services industry.”

Currencycloud has further expanded its team with two new hires in the Sydney area. The added resources will bolster Currencycloud’s efforts to drive business growth in line with the company’s customer-first approach and support the wider APAC expansion plans for Currencycloud.

Briscoe added, “I am excited to welcome our new team members to Currencycloud. We have made significant progress expanding our team across APAC in recent months, and adding more resources in Australia brings a new dimension to that growth. With their proven track records and expertise in the industry, they will play a pivotal role in accelerating our growth and driving customer success in Australia. We look forward to forging strong partnerships with local businesses and delivering innovative FinTech solutions that address the evolving needs of our customers.”

Currencycloud allows businesses to move money across borders and transact globally in multiple currencies.