Firstbase Startup Platform Adds Wise to Initiate Instant Cross-Border Payments
07 Juin 2022 - 4:00PM
Business Wire
Integrating Wise into Firstbase Loop ensures
newly incorporated companies can securely and rapidly send
international business transfer payments at lower costs than
traditional banks
Firstbase, the first all-in-one OS that allows anyone to
incorporate a U.S. company and manage their entire business on a
single platform, today announced a partnership with Wise (LON:
WISE)—the global technology company that built the best way to move
money around the world—to integrate the Wise Platform API into
Firstbase Loop. Now any business can experience seamless account
creation and verification with Wise directly through the Firstbase
platform. Firstbase makes it easy for anyone in the world to
incorporate a company in the U.S., while Wise makes it possible to
instantly move money abroad more with lower exchange fees and other
costs than traditional banking solutions. The tens of thousands of
existing businesses on Firstbase now have a fast and affordable way
to send money internationally, joining the 13M people and
businesses using Wise—processing over $8B in cross-border
transactions every month and saving customers over $1B a year by
using the real exchange rate.
Research conducted by Wise discovered that 46% of small
businesses around the world operate internationally. Over half
(51%) reported that the complexity of making and managing
international payments is a major deterrent to either venturing or
further expanding overseas. Ninety-five percent of the companies
that incorporate with Firstbase onboard a business banking product.
Over 80% of these companies that incorporate using Firstbase come
from 180+ countries, with the largest markets including India, the
United Kingdom, Nigeria, Pakistan, and Canada. As such, Firstbase
customers require a cross-border, multi-currency financial solution
that keeps pace with their company’s global footprint. Now with
Wise seamlessly integrated into Firstbases’s all-encompassing
platform, affordable international payments are readily available
to match the digital demands facing today's founders.
“Wise ensures that all businesses have a trustworthy and
transparent solution to send money abroad, which is now accessible
within the Firstbase operating system,” said Ryan Zagone, Americas
Partnerships Lead at Wise. “By integrating with Firstbase Loop,
newly incorporated companies around the globe can now send money
safely and with ease.”
“The global reach of Firstbase companies means we need financial
solutions that work across the world, and that’s exactly what Wise
offers our platform,” said Firstbase CEO and founder Mark
Milastsivy. “Now any U.S. entity that Firstbase serves has an
international money transfer solution they can count on with
Wise.”
About Firstbase
Firstbase is the first all-in-one company OS that helps anyone
launch, grow, and manage a U.S.-based business. With a growing
suite of products, Firstbase makes it easy for founders to
incorporate their business, access critical growth tools, and
manage their company from a single online dashboard—no matter where
they are located anywhere in the world. More than 15,000 founders
from over 180 countries trusted Firstbase to help them launch their
business. Start and grow your company in minutes at
https://www.firstbase.io/
About Wise
Wise is a global technology company building the best way to
move money worldwide. With the Wise account, people and businesses
can hold over 50 currencies, move money between countries and spend
money abroad. Large companies and banks use Wise technology too; an
entirely new cross-border payments network that will one day power
money without borders for everyone, everywhere. However you use the
platform, Wise is on a mission to make your life easier and save
you money. 13 million people and businesses use Wise, which
processes over £6 billion in cross-border transactions every month,
saving customers over £1 billion a year.
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version on businesswire.com: https://www.businesswire.com/news/home/20220607005312/en/
Peter Weltman peter@mow.media
Chris Monteiro chris.monteiro@wise.com
Wise (LSE:WISE)
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