A former stockbroker is making waves in foreign exchange markets with the launch of a new venture to help UK firms operating overseas make significant financial savings.
CurrencyWave, in conjunction with leading payment firm Currencycloud, trades in more than 35 currencies, covering 212 countries.
The currency platform has been specifically designed for small and medium-sized companies doing business globally, but unable to access favourable exchange rates through banks.
Founder Jamie Holmes says his Leeds-based firm can save up up to thousands of pounds on foreign exchange transactions, compared to conventional banks.
Jamie, who in a career spanning more than 30 years, has worked for some of the country’s leading stock brokers and banks, said: “Whilst more than 85 per cent of overseas currency transactions are done through banks, small and medium sized companies pay more in exchange rates than their larger counterparts.
CurrencyWave’s target market is SME’s with a turnover of up to £50m. They trade internationally and include importers and exporters and those in other sectors, including manufacturing, engineering, property and hospitality.
Jamie added: “Because our overheads are low we are able to charge a lot less than banks. Customers pay a small fee, which is incorporated into a real-time exchange rate displayed on our payment provider’s platform.
More than ever before, it is important that they choose the right solution for their international payments and one that can best serve their customers, supply chain and their operational needs in the most cost-effective manner.”
Further information about CurrencyWave is available on its website, https://currencywave.com
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For further information, please contact:
Jamie Holmes, CurrencyWave, on 0113 451 0180
David Simister, Different PR, on 084 389 26 26/07870 550 760
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