TransferGo, a fintech company originally founded in Lithuania and now headquartered in London, has introduced a multi-currency business account for enterprises based in the UK and the EU.

This new service enables businesses to hold, exchange, send, and receive multiple currencies, addressing common challenges in international transactions.

While companies are increasingly operating on a global scale, cross-border payments remain complex. Businesses often encounter high fees, slow processing times, and difficulties in currency exchange, particularly when dealing with emerging markets.

TransferGo aims to simplify this process by offering a reliable platform with competitive rates and a smoother international payment experience.

“We see that global business payments are still broken. Not only do our services solve the various challenges faced by global businesses, but they’re up to nine times more affordable than those offered by traditional high-street banks. We want business owners to focus on growing their companies rather than struggling with supplier payments, international purchases, refund management, and other daily financial tasks.”

said Daumantas Dvilinskas, co-founder and CEO of TransferGo.

The launch of this business account marks a significant step for TransferGo as it expands into the international business sector.

The multi-currency business account is designed to simplify financial operations for international companies by centralising money management and reducing costs.

Featured image credit: edited from freepik