Currenxie Launches Cross-Border Payments Account for UK SMEs

Currenxie, a global payments and foreign exchange fintech, has launched a cross-border payments account specifically tailored for small and medium-sized enterprises (SMEs) in the United Kingdom. The new offering enables UK businesses to hold and manage multi-currency balances, make international payments, and receive funds globally with competitive FX rates and efficient settlement — all from a single digital account. The launch is designed to address a persistent challenge for SMEs operating internationally: accessing affordable, transparent cross-border payment services without complex banking relationships or excessive fees.

Currenxie’s cross-border account integrates FX, collections, payouts, and treasury management tools, helping UK SMEs streamline global operations while improving cash flow and reducing reliance on traditional correspondent banking channels. By adding this capability to its platform, Currenxie aims to empower smaller businesses engaged in international trade, e-commerce, supplier payments and overseas payroll with a user-friendly, digital-first financial infrastructure. The launch reflects a broader trend in fintech where embedded and API-driven global banking services are increasingly democratized for mid-market and SME segments.

Key Highlights

• UK SME cross-border account launched: Currenxie introduces a multi-currency payments account for UK businesses.
• Global reach: Enables sending and receiving payments in multiple currencies worldwide.
• Multi-currency balances: SMEs can hold funds in different currencies to manage FX exposure.
• Competitive FX and fees: Offers transparent pricing and competitive currency conversion rates.
• Digital onboarding: Fully online, with APIs for integration into business systems.
• Use cases: Ideal for international suppliers, marketplaces, remote payroll and export-oriented firms.

What the Currenxie Account Offers

1. Multi-Currency Balance Capabilities

UK SMEs can hold and manage a suite of foreign currencies within one Currenxie account, reducing the need for separate international bank relationships. This supports operational flexibility and improves FX cost control.

2. Cross-Border Payments (Payouts & Collections)

Businesses can:

• Receive funds in major global currencies from customers and marketplaces
• Send international payments to suppliers, partners or employees
• Batch payouts for efficiency
• Automate workflows via API or Dashboard

This streamlines global settlements and improves transparency.

3. Competitive FX with Better Pricing

Currenxie’s platform offers real-time FX rates and typically lower spreads than traditional banks, helping SMEs reduce conversion costs — a key pain point for businesses operating across borders.

Why This Matters

1. Democratizing Global Payments for SMEs

Small and medium enterprises often face barriers to efficient cross-border payments — including high fees, slow settlement times and cumbersome account setup. Currenxie’s solution lowers these barriers with digital onboarding, flexible multi-currency balances and transparent pricing.

2. Cash Flow and Treasury Efficiency

Holding multi-currency balances helps businesses manage their exposure to FX risk and timing mismatches between invoices and payments. This leads to better cash flow planning and reduced currency loss over time.

3. Integration with Business Processes

Currenxie’s APIs — along with dashboard controls — allow businesses to integrate payments into accounting systems, marketplaces and ERP workflows for seamless operations and fewer manual touchpoints.

Market and Competitive Context

The global cross-border payments market is increasingly competitive, with fintechs such as Wise Business, Airwallex, Revolut Business, Payoneer, Currencycloud and Mercury offering multi-currency and global payment solutions for SMEs and scale-ups. Banks traditionally served these needs, but digital platforms now offer faster settlement, lower costs and better transparency, which appeal strongly to SMEs engaging in global trade, e-commerce, remote hiring and digital services.

Currenxie’s offering positions it alongside these players with strengths in multi-currency wallets, API integration and transparent FX — key enablers for modern SME finance.

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