We’re delighted to announce our latest strategic partnership with Swoop Funding to provide a comprehensive financial toolkit for SMBs based in North America. Our collaboration addresses the two critical challenges facing growing businesses today: accessing capital and maximizing the value of those funds globally.

Combining FX Expertise with Funding Solutions

For many SMBs, cashflow remains the primary hurdle to growth. Traditional banks in Canada often limit lending options for smaller businesses, while standard foreign exchange rates and service fees can erode the margins these businesses work hard to build.

The partnership combines our market-leading foreign exchange capabilities with Swoop’s advanced funding technology to offer a full solution for SMB’s cashflow control.

Access to Capital

Swoop allows businesses to look beyond traditional banking, connecting SMBs with a vast network of funding options including government grants, business loans, and asset financing.

Market Expertise

Finseta provides a wealth of FX market knowledge and service levels that Canadian PSPs typically reserve for large corporations, ensuring small businesses can navigate volatile currency markets with confidence.

Smarter Spending

By securing competitive FX rates, we ensure that the capital Swoop helps businesses raise is not lost to inefficient exchange rates when deployed internationally.

“For Canadian SMBs, securing capital is only half the battle; deploying it efficiently is the other. This partnership allows us to ensure that the funds clients work hard to raise aren’t eroded by inefficient FX rates.”
Andrew Carlin, Sales Director, Finseta.

“Too many viable businesses are stalled by a ‘no’ from traditional lenders. By exploring the full market of funding solutions, we help businesses secure the right capital to achieve their goals. Integrating Finseta’s foreign exchange expertise with our funding platform then ensures they have the financial infrastructure to protect their bottom line.”
Daire Burke, Head of Swoop North America, Swoop Funding.

Together, Finseta and Swoop are removing the barriers to liquidity, ensuring businesses have both the funds they need to operate and the financial infrastructure to expand globally.

About Finseta

Finseta plc (AIM: FIN) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Finseta has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated, through its wholly-owned subsidiaries, by the Financial Conduct Authority as an Electronic Money Institution and by the Financial Transactions and Reports Analysis Centre of Canada as a Money Services Business.

About Swoop Funding

Swoop is a business funding platform that simplifies access to loans, grants, and equity across the world. Their mission is to provide customers with the best possible range of funding and savings solutions to help protect the financial health of SMBs and empower growth without the jargon.