CurrencyFair has announced that they will give a year’s worth of international money transfers without fees, to the first 500 Irish businesses to sign up with them from today, April 28.
The campaign aims to help Irish businesses to grow their exports in international markets and challenge financial institutions’ current high currency rates, highlighting that many Irish businesses are wasting money on banking fees. CurrencyFair claims it is already ten times cheaper than the main banks, and says ‘collaborative international scaling’ is key for Ireland’s success on the world stage. The idea is that Irish businesses should help each other with their services to scale into international markets.
CEO and founder of CurrencyFair, Brett Meyers, hopes those who join the campaign will use the money they save to grow and create jobs.
“Ireland is an exporting country and fintech companies and SMEs should be helping each to create more cashflow to compete abroad. Recently Cork based Teamwork launched their Teamwork for startups campaign where they gave away free software to SMEs and we want to build on their example. Irish companies can take over the world. The banks can’t get rid of high rates but we can, so CurrencyFair wants to help startups and SMEs grow.”
The campaign gets the seal of approval from the Irish Internet Association (IIA), which supports small Irish businesses adopting eCommerce. “It’s great to see an Irish success story turning around to help other exporting Irish businesses”, said Joan Mulvhill, CEO of the IIA.
“CurrencyFair has always been a sharing economy company and this super initiative is a natural expression and extension of this. It presents a great opportunity for Irish companies to send money cheaper than anyone else on the planet. The IIA is proud to have them as a member.”
The campaign is open to the first 500 Irish businesses that open a CurrencyFair business account from 28 April 2016. Click here for details.