Having a reliable financial provider to handle payments is crucial to thrive in today’s business environment. If you're considering Currenxie for your company, you might also be curious about other options that could better meet your business needs.
Whether you're looking for more features, support for more currencies, or a lower fee option, this article is for you.
We'll review the top 5 alternatives to Currenxie in 2024, focusing on their key features and who they are best suited for so you can choose your best option.
Ready to discover our list of Currenxie alternatives? Let's dive in.
| Currenxie Alternative | Key Services | Best For |
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Multi-currency business accounts, FX services, Corporate cards, HK Company Incorporation, Dedicated account manager | SMEs based in Hong Kong, Singapore, or the BVI |
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Local currency accounts in 11 countries, Local and International payments, Debit cards, FX services, Software integrations | Streamlining financial processes and comprehensive features |
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14 Local currency accounts, Low-cost currency exchange, International payments, FX services | Businesses with global payment needs and cost-consciousness |
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Transfer and convert 40+ currencies with great exchange rates, Mass payments, Debit cards, and APIs integrations | Freelancers and businesses with international clients |
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Virtual accounts, Wallets, Mass payments, Local collection, Payment cards | Businesses with frequent global and cross-border payments |
💡 Note: All information provided below is dated 12 January 2024 and may have been updated since. Please check each alternative’s website for the latest information.
1. Statrys
Statrys provides multi-currency business accounts to companies incorporated in Hong Kong, Singapore, and the British Virgin Islands (BVI). Despite offering business accounts, Statrys is not a bank, but it operates as a Money Service Operator in Hong Kong under the Customs & Excise Authority.
Their business accounts allow clients to access 11 currencies, which include USD, HKD, CNY, AUD, EUR, GBP, SGF, JPY, CHF, NZD, and CAD.
In addition, Statrys provides various financial services, such as virtual and physical cards, local and international payments (via SWIFT), and FX services.
Key Services Offered by Statrys
| Statrys Key Services | Description |
| Multi-currency Business Account | With a single account number, clients can receive and make payments locally and globally in 11 different currencies. |
| Virtual and Physical Debit Cards | Offer virtual and physical debit Mastercard® for making purchases in-store and online and withdrawing cash from ATMs in Hong Kong and abroad. |
| Company Registration | The Hong Kong company registration service is 100% online and includes pre-incorporation, post-incorporation, and business account opening. |
| FX Services | Make spot trades and order forward contracts at the rates you prefer |
| Invoice Management | An all-in-one automated Invoice Management software that simplifies the process of creating, managing, and sending invoices. Completely free. |
| Xero Integration | Integrate between Statrys and Xero to streamline your bookkeeping and cash flow management processes. |
| Maker-approver | Set up transfers for later approval based on user role capabilities and have complete control of payment processes. |
We Recommend Statrys For
✅ Businesses incorporated in Hong Kong, Singapore, and the BVI that are looking for a primary or secondary business account.
✅ Business owners who prefer fast and responsive human customer support and dedicated account managers to support them in case any questions or issues arise.
✅ Those who value a transparent pricing structure without any hidden fees.
2. Airwallex
Airwallex is one of the fastest-growing Australian fintech companies. They offer various financial solutions such as virtual accounts, local accounts, local and international transfers to over 150 countries in over 40 currencies, and payment cards– all in one platform.
In addition, Airwallex provides robust APIs for developers and offers integrations with popular accounting tools like Xero, NetSuite, and QuickBooks. This helps businesses to manage their expenses efficiently.
📌 Note: Airwallex is licensed and regulated in the countries where it operates.
Key Services Offered by Airwallex
| Airwallex Key Services | Description |
| Global Accounts | Business accounts that aggregated 10 Local Currency Accounts, including the US, EU, UK, Hong Kong, Singapore, Japan, Indonesia, Australia, Canada, and New Zealand accounts |
| Core API | Powerful and flexible APIs to streamline your financial management. |
| Debit Card | Multi-currency cards expand financial flexibility with a prepaid virtual and physical Visa card. |
| FX Services | Make spot trades and order forward contracts at the rates you prefer |
| Expenses Management | Gain end-to-end control and visibility of your expenses. |
| Accounting Software Integration | Seamless integration between Airwallex and Xero, NetSuite, and QuickBooks to better handle finances. |
We Recommend Airwallex For
✅ Business owners seeking automated financial operations. Airwallex allows companies to connect their services seamlessly with popular software platforms.
✅ Businesses that need to offer seamless and secure payment experiences to their customers.
Check out our in-depth review of Airwallex for a better understanding of their services and fees.
3. WorldFirst
Based in the UK, WorldFirst is a payment service provider that offers various business solutions, including multi-currency business accounts, foreign exchange services, and bulk payments.
WorldFirst allows businesses to send payments in 24 different currencies. They also offer interbank rates. So businesses can save money from foreign conversion rates and transfer fees.
📌 Note: WorldFirst is registered and regulated in the UK, Hong Kong, Singapore, the Netherlands, Canada, and Australia.
Key Services Offered by WorldFirst
| WorldFirst Key Services | Description |
| Multi-currency Business Account | Give access to 10 currencies: GBP, USD, EUR, CAD, JPY, AUD, SGD, NZD, HKD, and CNH |
| FX Services | Make spot trades and order forward contracts at the rates you prefer |
| Bulk Payments | Send money to multiple parties at once–streamline your operations in half the time. |
| Xero Integration | Seamless integration between WorldFirst and Xero for users to handle finances. |
We Recommend WorldFirst For
✅ Companies with international payroll and supplier payments can benefit from WorldFirst's global payment solutions with access to their batch payments and mass payment feature.
✅ Online sellers. With WorldFirst, you can easily collect funds from online marketplaces such as Amazon, AliExpress, and Etsy.
Read our detailed WorldFirst review to learn more about their products and fees.
4. Wise
Wise is a well-known UK-based payments service provider that offers business accounts to businesses of all sizes. With Wise, business clients can send payments to over 70 countries without hidden fees or exchange rate markups and receive payments like a local from over 30 countries.
In addition, Wise provides features such as batch payments, payroll, debit cards, and APIs for automation.
Therefore, clients can simplify international payments and pay with competitive exchange rates and lower transaction costs.
📌 Note: Wise is regulated in countries or regions where it operates.
Key Services Offered by Wise
| Wise Key Services | Description |
| International Money Transfers | Make transfers with low foreign exchange rates to 70+ countries. |
| Business Account | Add, hold, convert, and send payments in 40+ currencies. |
| Debit Card | Easy access to your multi-currency account funds with the Wise debit card. |
| Batch Payments | Only upload a single CSV file, you can make up to 1,000 payouts in one go. |
| Wise API | Seamless API integrations into different platforms or applications |
| FX Services | Low-cost currency exchange services to convert funds between different currencies at the real mid-market exchange rate |
We Recommend Wise For
✅ Businesses dealing with multiple foreign currencies. You can save a significant amount of time and money with Wise’s payment network.
✅ Businesses making frequent or recurring international payments to internal or external stakeholders across the globe.
✅ Freelancers and digital nomads who require low fees and competitive exchange rates for international spending.
5. Rapyd
Rapyd – founded in Israel–is a fast-growing fintech company providing end-to-end payment solutions for businesses worldwide. Their services include virtual accounts, mobile wallets, transfer payments, virtual and physical cards, and more.
With Rapyd, companies can compete on a global scale with streamlined cross-border payment processes.
Key Services Offered by Rapyd
| Rapyd Key Services | Description |
| Business Accounts | Collect sales like a local from over 40 countries in over 25 currencies. |
| Global Payouts | Make single or mass payments to over 190 countries with good exchange rates. |
| Wallets | Manage and transfer funds in over 70 currencies across different countries and payment methods with built-in compliances. |
| Payment Cards | Allow businesses to purchase online and in-store, and withdraw cash from ATMs with customized control and spending limits |
| API Integration | Integrate Rapyd features with companies’ workflow. |
| Plugins | Integrate with popular ecommerce and accounting platforms for businesses to better handle finances. |
We Recommend Rapyd For
✅ Businesses requiring a wide range of payment methods for a secure and enhanced customer experience.
✅ Larger-scale enterprises looking to streamline financial management.
✅ Ecommerce businesses. You can collect sales like a local from your favorite ecommerce platforms like WooCommerce and Shopify.
For a comprehensive understanding of their services, read our detailed Rapyd review.
Final Note
At this point, you may have an idea of which payment provider is more suitable for your business. It's worth noting that you may require more than one solution to meet all your specific requirements. Always weigh the pros and cons of each option in line with your business priorities.
Disclaimer
Statrys competes directly with Currenxie in the payment industry. However, we're committed to providing an unbiased, thorough review to help you make an informed choice.
Our insights are derived from industry experience and discussions with clients who have also used our competitors' services. While we'd love for you to choose us, what's most important is that you make the decision that's right for you.
If you have any feedback regarding this review, don't hesitate to get in touch with us at marketing@statrys.com.
FAQs
Is Currenxie a bank?
No, Currenxie is not a bank. Legally speaking, Currenxie is a financial service provider that holds licenses in Hong Kong, Canada, South Africa, Australia, and the UK.
What is Currenxie?
What services does Currenxie offer?
What are the best alternatives to Currenxie?
