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What is Convera?

Convera focuses on providing cross-border payment solutions that aim to improve business functionality, allowing organizations to simplify their commercial transactions through a wide array of cross-currency services, specialized industry approaches, and in-depth expertise in reducing foreign exchange risk. Companies are able to manage international payments effectively, whether for individual or bulk transactions, across more than 140 currencies in over 200 countries and regions. In addition, Convera facilitates the receipt of payments in over 100 currencies through multiple methods, including wire transfers, checks, credit and debit cards, and other alternative payment solutions, depending on regional access. Their multi-currency holding balance feature helps eliminate the hassles and costs linked to foreign bank accounts, consolidating global payment management within a single platform. Moreover, Convera equips businesses with tools that help protect their finances from currency fluctuations by locking in fixed exchange rates, thereby improving predictability for future cash flows and financial planning. By providing these extensive services, Convera enables businesses to confidently maneuver through the complexities of global finance. This unique approach not only enhances operational efficiency but also fosters long-term financial stability for organizations engaged in international trade.

What is Banking Circle?

Banking Circle functions as a fully licensed financial institution, providing critical infrastructure solutions tailored for businesses, banks, and marketplaces. With an extensive range of services, they facilitate cross-border payments in 24 different currencies and provide access to 11 local clearing systems, alongside a comprehensive suite of products aimed at accounts, payments, and foreign exchange. Since launching in 2016, the company has achieved an impressive compound annual growth rate of 108% in payment volumes processed for its clientele. Their infrastructure enables businesses to manage liquidity in real-time across all major currencies, ensuring security and compliance while expanding global market access for their customers. The intuitive, PSD2-compliant client portal makes payment and FX conversion management straightforward, offering immediate access without the need for complex integration. Furthermore, clients can connect to multiple domestic markets via a single integration point, eliminating the need for local banking partnerships. This innovative strategy not only streamlines operations but also significantly enhances efficiency for companies dealing with the intricacies of international finance, making it easier for them to adapt to shifting market demands. As a result, Banking Circle is positioned as a pivotal player in the financial landscape.

Media

Media

Integrations Supported

FinLego
Trusek

Integrations Supported

FinLego
Trusek

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Convera

Company Location

United States

Company Website

convera.com

Company Facts

Organization Name

Banking Circle

Date Founded

2016

Company Location

Luxembourg

Company Website

www.bankingcircle.com

Categories and Features

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