AFEX Selected as US Launch Partner for FX Platform The Money Cloud

WOODLAND HILLS, Calif., July 25, 2019 (Newswire.com) - AFEX has been chosen by The Money Cloud, a UK-based FX marketplace platform for consumers and businesses, as its exclusive FX partner for its entry into the United States. AFEX is a leading foreign exchange specialist, offering customizable global payments and API solutions.

The Money Cloud launched in 2014 and has evolved from an FX rate comparison platform to an FX management hub. The Money Cloud provides a platform for businesses and private clients, which makes the process of comparing international exchange rates easy and transparent. The platform also allows clients to send money to multiple beneficiaries using different brokers.

The Money Cloud matches consumers with the best FX products for their needs, partnering exclusively with regulated FX brokers like AFEX.

With AFEX’s advanced API technology, the Money Cloud’s US business clients will be able to access the global banking network and market-leading payments infrastructure AFEX has built. AFEX also provides a well-established licensing and compliance framework to streamline the onboarding process for partners and clients.

In addition to providing efficient, seamless global payments and FX services, the unique “powered by AFEX” API model allows partners to add a new revenue stream and rapidly achieve economies of scale when expanding to new markets.

“AFEX and The Money Cloud bring deep market and technical expertise to the table, resulting in a true collaboration and best-in-class solutions for our clients. We are delighted to help The Money Cloud bring its unique FX management platform to US customers,” says Christian Spaltenstein, Managing Director, AFEX Americas.

“The professionalism and the resources provided by the AFEX team have been second to none. They have worked in conjunction with our own development team to make this partnership possible and deliver a superior experience for our customers. We are excited about working with such a prestigious organization for our launch into the US market,” says Huw Jenkins, CTO and Co-Founder at The Money Cloud.

The partnership unites The Money Cloud platform’s transparency and ease of use with the world-class global payments infrastructure of AFEX to bring US clients the best exchange rates and an efficient, frictionless experience for managing their global payments.

“We are hugely excited to be partnering with AFEX,” added Emmanuel Addy, CEO and Co-Founder at The Money Cloud. “A leader in its field with an outstanding reputation for providing expert advice and FX solutions for individual and corporate clients. We are looking forward to assisting our US customers and sharing with them the benefit of more than a decade’s experience at the forefront of the overseas money transfer industry.”

Laura McLoughlin, AFEX Americas Partnerships Director, added, “We are proud to be The Money Cloud's launch partner in the US market, and look forward to working with them to expand their business in the future."

ABOUT AFEX

AFEX is one of the world’s largest independent global payments and risk management specialists, providing market expertise, secure and efficient payments processing personalized service to clients around the world. AFEX offers customizable API solutions to help streamline global payment processes for clients and partners. For more information, please visit apisolutions.afex.com.

ABOUT THE MONEY CLOUD LTD

The Money Cloud was launched in 2014 and has harnessed technology to provide a transparent FX marketplace platform, that puts the customer first. It enables users to find, register, and trade FX on a single platform and offers tools to manage FX risk and exposure through its unique FX management hub. For more information, please visit www.themoneycloud.com. 

Source: Associated Foreign Exchange (AFEX)