The partnership will see ONPEX support Settle Go’s platform with its Banking-as-a-Service (BaaS) software, integrating new solutions to complement its existing portfolio of financial services. As a result, the UK-based eMoney institution, will now be able to offer a greater choice of fast, transparent and secure international payments to the European market.

Founded in 2015, Settle Go enables SMBs to trade and pay internationally, as if they were trading locally. Its efficient and simple payment services provide customers with access to low-cost foreign exchange (FX) facilities and international and domestic transfers. With the use of ONPEX’ services, Settle Go will expand its offering in the European market.

By integrating ONPEX’ API-based solutions into its platform, Settle Go will now attach multi-currency IBANs to all of its customers’ payment accounts. This enables them to make low-cost in-account and in-transfer FX in 25 different currencies. The partnership also means Settle Go customers have access to local SEPA and cross-border SWIFT payments. With these facilities, the eMoney institution will be able to offer European customers transparent, automated and simple cross-border payment and banking solutions. During the integration period Settle Go will also be making use of ONPEX’ front-end Admin UI - which allows SettleGo to manage its clients with an enhanced customer experience via an user-friendly interface.

Talking about the partnership, Christoph Tutsch, CEO at ONPEX, explained: “The partnership will enable Settle Go to upgrade its multi-currency IBAN infrastructure while ONPEX handles processes in the back-end, with its Banking-as-a-Service platform. Settle Go can fully concentrate on developing its seamless customer experience and bring it to the European market, as ONPEX ensures all services meet compliance requirements in this market.”

Alistair Cotton, Director at Settle Go, added: “When we first met ONPEX, we were impressed by the breadth of its banking offering, multi-currency IBAN facilities in 25 currencies, and the quality of its technology. ONPEX’ platform is smart and intuitive, and its flexible APIs offer comprehensive and simple access to its banking and payments services.”

Alistair Cotton continued: “The speed of the onboarding process, and help from the team, has really allowed us to begin our expansion plans swiftly and efficiently. The ONPEX team quickly understood our objectives and made sure the services provided align with the interest of our business. ONPEX has enabled us to expand on our offering of easy-to-use and cost-efficient financial services. We very much look forward to providing our customers with additional cross-border payment options via the partnership and benefits from ONPEX’ exciting roadmap of new currencies, banking services, and geographic territories.”

With this new partnership with ONPEX, Settle Go is focused on expediting growth in the European market and providing a new range of innovative solutions to its customers.