Currency transactions with the associated bank fees are often elusive and rarely a high priority. The information backlog, hidden costs, and the abstraction level of exchange rates in 2017 still result in an unnecessarily high cost centre for small and medium-sized businesses.
Because the currency markets are so large and transactions run digitally, you would expect the costs of a currency transaction to be limited and the total bank costs of a currency transfer to be clear and transparent.
ValutaPartners utilises the possibilities of digital technology to bring you directly into contact with the FX market. Our modern technology and efficient business operations lead to low overheads. Or, simply put: no old-fashioned systems, no expensive buildings and managers. We are happy to pass this cost advantage on to our customers.
The experience of co-founder Michiel Souren on both the banking and customer side in the City of London yielded a wealth of knowledge and experience. He gained insight into how banks profit from their customers, but also how this can be prevented. He wants to share this experience with the business community. What is unnecessarily complicated, he wants to make simple and accessible. And what is unnecessarily expensive, he wants to make affordable again. These starting points led to ValutaPartners.
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Every customer of ValutaPartners receives a multi currency IBAN for 30+ currencies
The transactions take place via a secure third-party account at Barclays Bank
Your payment provider processes 20,000 payments per day