At Xchanger we reinvent the way SMEs send money globally. We want to revolutionize the $ 6,5t worldwide SME cross-border payment market with a single API giving companies access to leading banks, money transfer operators and other payment providers. We have completed developing the solution and are now in the process of acquiring payment operator partners and pilot customers. We are confident we will succeed due to the quality of our team combining executive banking history, startup success and strong in-house IT skills.

The problem we want to solve is import / export SMEs losing significant revenue percentages on currency operations. These companies usually need to exchange currency of value amounting to a significant part of their P&L. With SMEs’ usual single-digit net profit margins the currency exchange commission can be a difference between the black and the red. Currently these companies either use their standard banking solution or one selected money transfer operator, e.g. T...
At Xchanger we reinvent the way SMEs send money globally. We want to revolutionize the $ 6,5t worldwide SME cross-border payment market with a single API giving companies access to leading banks, money transfer operators and other payment providers. We have completed developing the solution and are now in the process of acquiring payment operator partners and pilot customers. We are confident we will succeed due to the quality of our team combining executive banking history, startup success and strong in-house IT skills.

The problem we want to solve is import / export SMEs losing significant revenue percentages on currency operations. These companies usually need to exchange currency of value amounting to a significant part of their P&L. With SMEs’ usual single-digit net profit margins the currency exchange commission can be a difference between the black and the red. Currently these companies either use their standard banking solution or one selected money transfer operator, e.g. Transferwise. The standard banking solutions are expensive, the money transfer operators offer better conditions but an SME has no easy way to determine if for their payment requirements (price vs speed) their operator has the best solution. The whole SME cross-border payment market is $ 6,5t, meaning the companies pay tens of billions of dollars every year in commissions. These companies have bigger needs than usual consumers but are too small to get bespoke solutions, thus suffer the biggest pain.

Our solution is to provide SMEs real-time transfer cost and FX spread data and provide a dynamic routing engine to allow them to execute every transfer in the most efficient way possible. We enable this by providing an API to multiple banks, money transfer operators and FX brokers. The operators and the brokers have disrupted the incumbent banks, now the market is ready for its next natural disruption phase – the aggregators. We will become this aggregator, the one-stop-shop for all the SMEs currency transfer needs.
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