Global payment platform pairs with start-up for investors

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO at FXcompared and has numerous years of experience in the international finance world, especially within the media, technology and property sectors. Daniel is passionate… Read more
  • Soon-to-launch investment platform pairs up with Currencycloud to gain access to more markets and help scale its offer
  • Currencycloud to provide payments process and scaling opportunity for customers of Evarvest, which is based in Lithuania and currently serves five countries
  • “We’re proud to be working with Evarvest as they help the next generation access the largest stock markets in the world, and look forward to supporting their expansion”, says CEO of Currencycloud

 

An online money transfer company has announced a new partnership with a firm designed to help investors get their portfolios off the ground.

Currencycloud, a London-based payments platform which uses smart technology, has now paired up with Lithuanian start-up Evarvest.

Currencycloud will give customers the ability to make the cross-border payments they need to start investing through the Evarvest platform.

The new offer will be launched in a variety of countries around the world. Currently, Evarvest is only available in five countries – the UK, Spain, Poland, Portugal, and the firm’s native Lithuania.

The partnership will mean the firm can expand.

Currently, it offers its customers access to a range of markets including 30 stock markets. Its cross-border capabilities mean that investors can design portfolios as though they were there.

The partnership has a strong technical element to it, with Evarvest now able to access Currencycloud’s API for integration purposes.

Evarvest has been on a growth trajectory this year. It has just launched a €75,000 funding round on online investment platform Seedrs, and it is currently in a development phase.

It is due to be opened up to customers in the second half of 2019. In the interim, customers can join the waiting list to be alerted when the product is fully released to the market.

Leaders at both firms agree that the partnership is something to be optimistic about.

Mike Laven, CEO at Currencycloud, described his firm’s new partner as “exciting”.

“Evarvest is an exciting new service, providing an easy to use, transparent and low-cost way to invest in stocks around the world”,

 he said.

“We’re proud to be working with Evarvest as they help the next generation access the largest stock markets in the world, and look forward to supporting their expansion.”

For Evarvest’s part, its CEO Stephanie Brennan said that Currencycloud matched her firm in a technical sense.

“Currencycloud have been fundamental in supporting us to reduce our costs and providing a cross border payment and FX solution, so we can make investing accessible to the next generation of investors”, she said.

“Their API functionality allows us to fully integrate with our platform in a seamless manner, so we can support trading in international markets where the buy/sell process of stocks must be in that local markets’ currency.”

“We look forward to working with Currencycloud, growing our partnership and together, shaping the future of cross border investing.”

Discover more about the role of firms in the international payments sector over at our magazine page.


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