Funding Options, a marketplace for business finance, has partnered with money transfer business Wise to further expand its offering for SMEs.

Together they have developed Wise Business, a business account which will enable independent companies to access international payments via Funding Options’ marketplace and pay invoices in more than 50 currencies.

This collaboration with Wise follows the company’s partnership with utilities comparison provider Love Energy Savings earlier this year to offer SMEs fair comparisons on over 150 business energy tariffs from more than 17 providers.

“As we continue on our mission to help SMEs grow and thrive, we are delighted to be partnering with Wise,” said Simon Cureton, chief executive, Funding Options. “Business owners need and expect frictionless and affordable digital financial services, with international payments a key component for many. This strategic partnership adds another layer of depth to our Funding Cloud ecosystem, which we believe has the power to transform the SME finance landscape.”

Roisin Levine, head of UK & Europe partnerships at Wise said:“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.”

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