Remove IBAN Remove Multi-Currency Remove Treasury
article thumbnail

Former BigPay, Monzo, VP Bank Leaders Launch Pave Bank with US$5.2M Funding

Fintech News

Pave Bank is a regulated commercial bank that offers business banking products such as multi-currency operating accounts, global payment connectivity, and treasury management solutions. Pave Bank is a full reserve bank, so all deposits and funds held will not be lent out or invested.

article thumbnail

Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

The Barcelona-based fintech provides a one-stop-shop multi-currency account for corporate treasurers and recorded an annual revenue of over €5million and an annual profit of €1million. Neo has been able to help businesses through its multi-currency account.

article thumbnail

Ripple Partners With Clear Junction to Enhance UK and EU Cross-Border Payments

Fintech Finance

A host of new currencies are scheduled to be switched on for Ripple customers later this year. Established in 2016, Clear Junction services enable quick and safe access to multi-currency payment accounts, e-money accounts, virtual IBANs and treasury services for regulated financial institutions.

article thumbnail

Cross-border payments fintech Neo hits profitability after year of rapid growth

Fintech Finance

The Barcelona-based fintech which provides a one-stop-shop multi-currency account for corporate treasurers recorded an annual revenue in excess of €5 million and an annual profit of €1 million. Neo has been able to help these businesses through its multi-currency account.

article thumbnail

Pave Bank Emerges From Stealth To Bridge the Traditional Finance and Digital Economy

The Fintech Times

Pave Bank is a fully regulated commercial bank where clients can get business banking products (such as multi-currency operating accounts, global payment connectivity, and treasury management solutions). They will also have access to multi-asset custody, virtual IBANs, safeguarding accounts and PaveNet.

Economy 59