Finyoz, the lendtech platform specializing in short-term invoice financing, has joined forces with Currencycloud, a service provider in simplifying business transactions across multiple currencies. This strategic partnership aims to potentially advance supply chain financing, utilizing modern technology and financial expertise.

Investment Flexibility through the Collaboration

Finyoz's platform acts as a bridge between companies seeking short-term invoice financing solutions and private or corporate treasury investors. Through an intuitive online interface, companies can upload invoices, view financing fees, and communicate with debtors. Investors, in turn, gain access to a curated selection of investment opportunities spanning periods from 14 to 90 days, receiving interest payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term throughout the investment period.

Piers Marais, the Head of Product of Currencycloud, said: “Supply chain financing is an area that’s ripe for disruption, and Finyoz is one of the most exciting teams in the business. The team has an excellent vision and fully understands the needs of their two most important stakeholders – investors and businesses in need of finance. We’re so pleased to be on this growth journey with them and look forward to continuing to deliver new and innovative products and services to their clients.”

The collaboration with Currencycloud introduces a pivotal enhancement to Finyoz's offering. Investors now have the flexibility to collect funds in their preferred currency, which can then be converted to the currency of the borrower. Currencycloud's expertise in managing multi-currency transactions empowers investors to navigate global financial markets with ease. Additionally, investors can leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term digital wallets provided by Currencycloud to efficiently deploy funds across various investment avenues.

Corporate Treasury Advantages in Global Operations

Notably, Finyoz's corporate treasury clients stand to benefit significantly from the partnership with Currencycloud. By tapping into Currencycloud's extensive global ecosystem, these clients can optimize payment cycles and streamline international currency transfers. This integration aims to enhance operational efficiency and unlock new opportunities for businesses operating in a global marketplace.

Thorsten de Jong, the CEO of Finyoz Deutschland GmBH, said: “Currencycloud has been a dream partner on this deal. They combine state-of-the-art technology with robust security credentials. They’ve been professional and dedicated throughout. Most importantly, they realised there was no easy blueprint for this business model – we’re doing something genuinely innovative, and that requires building things from scratch.”