Cross-border payments solution expands into UK market to support SMEs
Cross-border payments company, Currenxie, has today launched its business account solution in the UK for SMEs looking to transact globally and enter new markets.
Currenxie, a fintech company founded in 2014, specialises in simplifying global payments for businesses. The company provides comprehensive solutions for SMEs when collecting, exchanging, and sending money worldwide.
As businesses face constant pressure to keep pace with international competitors and drive growth, they are also hit with increased supply chain costs. The Chartered Institute of Procurement and Supply (CIPS) recently warned that consumer goods prices are likely to soar during 2026, with over a fifth (22%) of supply chain businesses report shipping costs have increased by more than 10%*.
Increased supply chain costs and continued economic uncertainty mean businesses must look to boost margins where possible to remain competitive. For merchants operating internationally, this includes sourcing suppliers from more cost-effective markets and growing its customer base through new markets – to maximise profitability, reducing foreign exchange (FX) costs is key.
Businesses are typically reliant on their bank for critical high value transfers and cross-border payments, however this may not always be the best option, particularly for SMEs, with higher costs and slower processing times.
SMEs need support from payments providers able to offer simple, secure and cost-effective options which unlock new markets, meet consumer demand and drive growth – without partnering with these fintech solutions, businesses risk putting themselves at a competitive disadvantage.
Currenxie’s deep tech expertise, strategic guidance and payment solutions enable SMEs to operate like a bigger player with access to the same level of support, knowledge and product range that would otherwise be unavailable to them through traditional payments providers.
The Currenxie Global Account offers seamless bank and wallet payments, foreign exchange, and Visa Business cards for modern teams and businesses to manage expenses. This allows businesses to transact in different currencies and speeds up transactions, enabling SMEs to send and manage cross-border payments through a single, multi-currency platform and a real-time, 24 hours FX service.
Currenxie is trusted by over 14,000 clients across 100 countries and unlocks access to a full range of payments solutions empowering SMEs to operate globally. Since launch, Currenxie has transferred over $17 billion for merchants in key markets across Europe, Asia and North America – the total value of funds processed grew by 23% year-on-year in 2025.
Currenxie offers SMEs savings of up to 61% on cross-border FX payments compared to competitors.
In Q1 2025, Currenxie announced it had been granted authorisation as an Electronic Money Institution (EMI) by the Central Bank of Ireland, enabling Currenxie to operate across the European Economic Area (EEA) from its Dublin regional headquarters. Currenxie also holds an EMI licence in the UK from the FCA, alongside licenses and registrations across multiple jurisdictions, including Australia, Canada, Hong Kong, South Africa, and the United States.
Sam Coyne, CEO Europe at Currenxie, explains: “To gain a competitive edge, SMEs must be able to scale and enter new markets. Access to secure, fast and cost-effective cross-border payments, as well as local market expertise, is critical to support this and drive business growth.
“Businesses operating globally face many payments challenges including high costs, slow delivery and poor transparency. Without suitable payments solutions, SMEs may find themselves struggling to access the best suppliers or to meet customer demand, facing unnecessarily high costs, and therefore curbing their growth.”
“At Currenxie, we’ve built our entire payments tech stack in-house, this provides us with full control over our product pipeline and costs allowing us to enhance our support to SMEs and offer seamless payment solutions tailored to client requirements.
“With a leadership team boasting decades of expertise, Currenxie offers personalised service for SMEs looking to enter new markets and strategic advice to support scaling.”