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WorldFirst turbocharges B2B offering with CurrencyVue acquisition

Niki Sehmbi4th March 2019
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Here at WorldFirst, we are really excited to announce that the acquisition of CurrencyVue as part of our mission to create the world’s best platform for global trade.

Established in 2015, CurrencyVue has been at the forefront of innovation within foreign exchange risk management, developing a unique platform that integrates with global ERP (Enterprise Resource Planning) platforms and well-known accounting systems to provide users with a real-time view of their international payments and currency exposures.

We will now be integrating CurrencyVue’s platform into our own platforms for business customers. The new capabilities will enable our SME and online seller clients to integrate their international transactions and exposures with leading platforms such as Xero, Netsuite and Quickbooks. This will also enable businesses to automate payments of foreign currency invoices.

The integration of CurrencyVue means that businesses will have access to a holistic view of their finances, including foreign exchange commitments, and an unrivalled ability to manage these through direct access to WorldFirst’s hedging products.

This is an acquisition that we are very excited about, not least because, as part of the deal, Matt Tyrrell, CEO of CurrencyVue, will be joining WorldFirst in London as Head of Accounting and ERP Integrations. In addition, Matt Done, CurrencyVue’s Chief Technology Officer, will join as Head of Development: Accounting Integrations in Sydney.

Commenting, Nick Aston, Chief Enterprise Officer at WorldFirst said:

“I’m delighted to be able to announce the completion of this strategically important transaction. We have been admirers of both the CurrencyVue platform and the management team for a long time.

In bringing together the World Account with CurrencyVue’s unique platform, not only are we able to deliver something truly differentiated in the market but with Matt and Matt also joining the business we have secured access to some of the industry’s leading talent. 

This strategic acquisition is another milestone on our journey to creating the world’s best platform for international trade and providing our customers with a competitive edge in today’s connected global economy.”

 

 

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