Airwallex, a leading global payments and financial platform for modern businesses, announced its partnership with OurCrowd, the global venture investing platform and Israel’s most active venture investor.
In brief:
-Institutions and individual accredited investors will have the ability to invest in startups anywhere – in their own local currency with a single click of a button.
-With this new partnership, OurCrowd’s investors from over 195 countries can invest in global startups on a digital platform in their own currency easily, quickly and with favourable terms.
-OurCrowd allocates a global account to each investor, who can select from an assortment of currencies, including their own local denomination. Once selected, OurCrowd converts the funds into USD at a transparent rate that is generally locked in for 24 hours. This integration improves efficiency and speed, providing a seamless experience for all parties.
What does this mean?
Commenting on the partnership, Pranav Sood, EGM, EMEA at Airwallex said, “With embedded finance, modern businesses of all sizes can bring global connectivity to customers by offering their own local payment solutions and minimizing FX pain points. Our embedded finance partnership is a perfect example of how we support and enable our customers’ end users to grow, while also giving OurCrowd the tools to expand and deepen their services. From streamlining payment processes for investors and startups to minimizing FX costs, embedded finance is simplifying the way businesses operate across borders.”
