Centiglobe, a front-runner empowering smart DLT (Distributed Ledger Technology) cross-border payments, and Zimpler, a fintech company providing seamless and secure account-to-account payment solutions, are entering a partnership to enable companies to innovate their cross-border payments capabilities to become predictable, instant, automated and secure globally.
By leveraging Zimpler’s instant payment capability and access to local accounts and Centiglobe’s payment rails, the partnership will enable unique solutions to specific segments, such as cross-border factoring, as well as broader innovative cross-border payment capabilities.
The cross-border factoring solution, launching in September, enables factoring companies to automate cross-border payments, collection, foreign exchange, funding, and reconciliation processes. This way, manual routines can be eliminated and treasury operations automated. Access to local accounts for collection and instant payouts is a key solution component that is “plug & play” through a web interface.
In May, Zimpler announced its launch of instant cross-border payouts, allowing customers to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or complex administrative work. As a next step, the partnership between Zimpler and Centiglobe will further enhance Zimpler’s cross-border payments capabilities, and enable instant payouts globally.
“Many companies today face challenges in their cross-border transactions. We are very excited that through the partnership with Zimpler, Centiglobe’s unique cross-border payments platform will go live with our first payments from EU to Sweden. We have several markets and currencies in integration phase and see that the demand for innovative solutions leveraging the advantages of secured tokenized deposits, such as Centiglobe’s, is rising quickly,” said Petter Sandgren, CEO at Centiglobe.
Johan Strand, CEO at Zimpler, added, “Zimpler’s launch of instant cross-border payments has been very promising. This partnership enables us to add further value to customers by improving these payments, helping to solve a real problem for many companies. It broadens our offering in the strategic B2B segment and extends our portfolio of services.” By combining their capabilities, the collaboration between Centiglobe and Zimpler helps companies unlock business value, meet customer demands and increase operational efficiency by offering innovative cross-border payment services based on new technology.
