Currenxie launches multi-currency SME account in UK

Currenxie has launched its business account product in the UK, offering small and medium-sized enterprises a multi-currency account with cross-border payments, foreign exchange and Visa Business cards.

The launch adds the UK to Currenxie's footprint across Europe, Asia and North America. The firm works with more than 14,000 clients in 100 countries and says it has transferred more than USD $17 billion for merchants since launch.

UK SMEs have been dealing with higher supply-chain and logistics costs alongside economic uncertainty. The Chartered Institute of Procurement and Supply has warned that consumer goods prices are likely to rise in 2026, and that more than a fifth of supply-chain businesses reported that shipping costs rose by more than 10%.

Cross-border costs can add to the pressure for firms that buy from overseas suppliers or sell into international markets. Many SMEs rely on banks for international transfers, although fees and settlement times vary. Fintech providers have expanded in this area, offering alternative payment and currency conversion rails.

Product details

Currenxie is positioning its UK offering as a single platform for managing international payments and currencies. The Currenxie Global Account includes bank and wallet payments, foreign exchange services and Visa Business cards for teams managing company spending.

The product allows businesses to hold and transact in multiple currencies, with a real-time, 24-hour FX service. SMEs can also send and manage cross-border payments through the platform.

Currenxie is also highlighting pricing. Based on its own analysis of fees for USD $1,000 transactions across several currency pairings, it says businesses can save up to 61% on cross-border foreign-exchange payments compared with competitors.

Regulatory position

In the UK, Currenxie holds an Electronic Money Institution licence from the Financial Conduct Authority. In Europe, it is authorised as an Electronic Money Institution by the Central Bank of Ireland, allowing it to operate across the European Economic Area from its regional headquarters in Dublin.

It also holds licences and registrations in other jurisdictions, including Australia, Canada, Hong Kong, South Africa and the United States.

Market context

Cross-border payments are an active fintech segment as businesses seek faster settlement, clearer fee structures and more flexibility in managing foreign-currency exposure. UK SMEs are increasingly looking beyond domestic suppliers and customers, although overseas expansion can add friction around payment timing, reconciliation and FX conversion.

Currenxie says it has built its payments technology stack in-house, an approach that can affect product control, feature development and operating costs depending on scale and local partnerships.

The company says the total value of funds processed grew 23% year-on-year in 2025 and that it has surpassed USD $5 billion in annual payment volume. Founded in 2014, Currenxie operates as a cross-border payments provider for merchants.

Sam Coyne, CEO Europe at Currenxie, linked the UK launch to the practical challenges SMEs face when trading internationally and expanding into new markets.

"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," Coyne said.

He added that international merchants can face delays and hidden costs when they depend on legacy processes for cross-border transfers.

"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," he said.

Currenxie also linked its product direction to its engineering and advisory model.

"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," Coyne said.

"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," he said.