Take control of your finances | Global Franchise
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Thursday 22nd February, 2024

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Take control of your finances
Take control of your finances

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Take control of your finances

fidomoney offers multi-currency bespoke current accounts to start-ups and small businesses and is growing rapidly around the world

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fidomoney is an innovative fintech company. It was formed in York in 2019 by financial veterans with a wealth of multinational retail and commercial banking experience. The rapidly expanding team now operates offices in the U.K., U.S.A., Belgium and Macedonia, and includes experts in financial crime and AML.

Everything your business needs

The company provides intelligent, tailor-made solutions based around the start-ups and small businesses it serves, whilst recognizing the individuality of each customer. fidomoney offers business current accounts with all the added payment services that businesses need. Each business simply chooses what works for them and only pays for what it uses.

Customers can expect their business current accounts to include the following features:

  • 24h customer support
  • UK IBAN account
  • Dedicated account manager and personalised customer service
  • A solution to suit each customer
  • Multi-currency accounts
  • State-of-the-art transaction monitoring and fraud prevention
  • Technology using the latest machine learning and AI technology
  • Online account management
  • Receive and send payments in seconds
  • Low fees and exclusive exchange rates
  • Offices in the U.K., E.U., and U.S.
  • Virtual and physical cards
  • Merchant payment services

International expansion

fidomoney partners up with third-party payment service providers that offer card payment solutions via a payment gateway for a variety of risk levels, ranging from low to medium and up to high risk. Alongside this, the company offers ‘open banking,’ which is a way for merchants to accept payments from their customers directly via bank transfer, with no need for card acceptance. It appears faster, more secure and cheaper than card processing costs. While the company is still in its infancy, it has already expanded its business globally to the U.K., U.S.A, Belgium, and Macedonia.

The business continues to find innovative solutions to help clients control their finances, and it now offers EUR accounts next to the already available GBP accounts. Clients can make and receive SEPA payments in EUR with this account within the European region. fidomoney will also be offering USD and CHF accounts, available for clients with all additional currencies on one login, which will be released in this year.

As a next step, clients will also be able to make and receive international payments outside of the European region with all accounts and currency conversion if needed. fidomoney is working on the launch of debit cards together with MasterCard, both virtually and physically in GBP and EUR.

At a glance

fidomoney offers intelligent, tailor-made solutions based around the start-ups and small businesses it serves
Year established: 2019

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