SME lending marketplace Funding Options has partnered with ForEx and international payments business Wise (formerly TransferWise).
In Brief:
Wise Business will be offered through the Funding Options marketplace.
It will help businesses to pay international invoices, vendors and employees in 80 countries.
Through the Funding Options marketplace, Wise Business can reach more customers.
What does this mean?
This means that Funding Options, as well as offering business finance, can also offer a wider suite of services to help the SMEs that use it grow. The business has identified that in addition to funding, it’s a lack of access to key services that forms a key barrier to growth.
For Wise’s part, Head of UK & Europe Partnerships, Roisin Levine, commented:
“We’re thrilled to be working with Funding Options to bring a better international payments experience to SMEs. For too long, small businesses have been stuck with poor international payments services that are too expensive, mired in a lack of transparency, and slow and cumbersome processes.
“In fact, recent research has found that only two in 10 of all small businesses around the world believe their bank provides value for money. Like Funding Options, we believe small businesses deserve something better - an international payment service that is fast, transparent, convenient and affordable.”
