Investors see big opportunity for innovative overseas payment service to provide valuable partnership to accountancy and consultancy firms serving SMEs
Money Mover, the international payments service, has raised £500,000 in further funding from investors to maximise partnership opportunities in the professional services sector. Backers include Andy Homer, renowned Fintech investor and former CEO of Towergate, who believes the Money Mover service is a natural fit for accountancy and professional services firms who want to enhance their current offering to SME business clients.
Money Mover’s service offers a transparent, low cost international payments service dedicated to SMEs. Through its partner programme, the innovative Fintech firm will be providing its functionality to accountancy and professional services firms serving SMEs; giving them the opportunity to seamlessly link their core platform and digital interface to the Money Mover service and functionality.
Andy Homer, lead investor and former Towergate CEO, said: “There is a big opportunity for Money Mover to extend their services to the clients of the professional services sector. Accountants and consultants are trusted advisers to the businesses they serve and it is in their interest to continually innovate and broaden their offerings to clients. Money Mover’s international payments service is a great fit for those firms looking to offer more value and an enhanced service to clients who regularly make overseas transactions.”
Hamish Anderson, CEO of Money Mover, said: “We have access to better wholesale rates, so our proposition can save SMEs £20,000 or more in every £1m they transfer. Also, our transparent functionality allows a small business to see the cost of their transaction upfront, before they make the payment.
“These savings and functionality are things small businesses can’t access through their high-street bank and something they’d value immensely if offered by their accountant or consultant. Our technology expertise allows us to integrate with our partners’ core platform and digital interface, via a bespoke landing page, giving their clients a simple, seamless and secure user journey.”
About Money Mover
Money Mover was launched in 2014 by Hamish Anderson, CEO, and Andrew Comber, CTO, to give SMEs access to transparent and low cost international transfers. The company was chosen in 2016 to participate in the PwC Future of Work programme. It has recently been sponsored by the Department of International Trade to attend the Money 20/20 conference, Europe’s largest Fintech event, in Copenhagen in June.
With an ethos built on the simple concept that moving from one currency to another shouldn’t be shrouded in mystery, shouldn’t be expensive, and your money should certainly not disappear into a black hole whilst you’re waiting for a payment to go through, Money Mover was born. Most importantly, it identified that small and medium-sized businesses doing significant international trade were not benefitting from the ‘wholesale’ rates that they might have expected when they wanted to move money around. There was clearly a gap in the market to provide a low-cost, simple and transparent service to businesses who needed to move money from one currency to another and Money Mover’s innovative, secure and customer friendly service delivers this.
Notes to editors: Hamish Anderson, CEO of Money Mover, is available for interview. Please contact Natalie Robinson, Relish Communicating on 07789 501146 or firstname.lastname@example.org to arrange.