Currencycloud, a provider of B2B embedded cross-border solutions, announced that it was granted an Australian Financial Services (AFS) license by the Australian Securities and Investments Commission (ASIC).

The granting of the AFS license follows the appointment of Nick Briscoe as Country Manager for Australia in January this year which gives Currencycloud the ability to build its team and ramp up customer support in-country.

Prior to the license, Currencycloud had only been able to offer international payments services to its Australian customers.

Now those clients will be able to provide customers with collections, management services and Currencycloud’s multi-currency e-wallet, Currencycloud Spark, which allows clients’ customers to pay, collect and hold more than 30 currencies in one account.

Currencycloud is now actively recruiting for key hires across sales and operations.

Nick Briscoe, Australian Country Manager at Currencycloud said,

“The fintech landscape here is incredibly vibrant and highly sophisticated in its approach to both clients, and service providers.

 

Gaining our Australian license puts us in a great position to support our existing Australian clients and their ambitions, as well as work with other businesses across the country.”

Featured image edited based on photo by Photoholgic via Unsplash