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Reflecting on success and expansion

Reflecting on success and expansion

fidomoney is a leading provider of fi nancial services and is anticipating exciting developments in the coming year

fidomoney is a financial technology company that offers innovative solutions to its clients. The company was established in York in 2019 and is comprised of a team of experienced financial professionals who bring a wealth of knowledge from their past work in retail and commercial banking. The team at fidomoney is constantly growing and currently operates in several countries including the UK, USA, Belgium, and Macedonia. The company’s focus on financial crime and anti-money laundering (AML) highlights its commitment to ensuring the security and integrity of its clients’ financial transactions.

Meeting your business needs

The company provides tailored financial solutions designed for startups and small businesses, recognising the unique needs of each business and offering customised solutions to meet their specific requirements. One of fidomoney’s key products is a business current account that comes with a range of payment services. The company allows businesses to choose which payment services they need and only charges for the services that they use. This flexible approach provides businesses with the necessary tools to manage their finances whilst keeping costs low.

fidomoney is committed to offering intelligent and tailored solutions, which sets it apart from traditional banking institutions and provides businesses with a more personalised and efficient financial experience.

Customers can expect their business current accounts to include all of the following features:

  • 24h customer support
  • UK IBAN account
  • Dedicated account manager and personalised customer service
  • A solution to suit each customer
  • Multi-currency accounts
  • State-of-the-art transaction monitoring and fraud prevention
  • Technology using the latest machine learning and AI technology
  • Online account management
  • Receive and send payments in seconds
  • Low fees and exclusive exchange rates
  • Offices in the UK, EU, and US
  • Virtual and physical cards
  • Merchant payment services

Innovative services

In addition to its business current accounts and payment services, fidomoney partners with third-party payment service providers to offer card payment solutions through payment gateways. These solutions cater to businesses with varying risk levels. By partnering with multiple providers, fidomoney can offer businesses a range of options to choose from to find the solution that works best.

The company also offers ‘open banking’, which is a way for merchants to accept payments directly from their customers via bank transfer. This method is faster, more secure, and often more cost effective than traditional card processing methods. Open banking eliminates the need for card acceptance, making it a convenient and efficient option for businesses looking to streamline their financial transactions. By offering these solutions, fidomoney helps businesses take control of their finances and operate more effectively.

Commitment to financial responsibility

fidomoney has had a promising and successful journey to date, and the past two years have been particularly strong. The company has completed its 2021 and 2022 audits, demonstrating its dedication to transparency, accountability and excellence. This is a key factor in building trust with stakeholders, including investors and clients, as it shows that the brand is committed to providing accurate and reliable financial information.

The results of the audits will provide important insights into the company’s financial performance, including revenue, expenses, and overall profitability. This information is valuable to stakeholders as it will provide a clearer understanding of the company’s financial health and stability. Additionally, confidence in the company will likely increase as it is able to meet obligations, which is critical for building long-term relationships with investors and clients.

In 2022, fidomoney made a strategic investment in technology and stability, ensuring that the company’s systems and processes were robust and secure. This investment allowed the company to implement stronger security measures, reducing the risk of cyber threats and data breaches. It also allowed the company to better manage its operations, ensuring that it could continue to provide high-quality services to its clients, even during times of disruption or uncertainty.

What’s next?

As fidomoney continues to find innovative solutions to help clients control their finances, the brand is excited to announce its EUR accounts in accordance with the already available GBP accounts. Clients can make and receive SEPA payments in EUR with this account within the European region. The company is also offering USD and CHF accounts, available for clients with all additional currencies on one login, which will be released this year. fidomoney is proud to offer a wider range of financial services to clients which will help the company to further expand its reach.

In addition to launching new services, fidomoney is also working on acquiring an EU license. This license will allow the company to operate in the EU and will provide greater security whilst also reaching a larger customer base in the region, giving customers more confidence in the company’s ability to provide secure and compliant financial services. It will also enable the business to participate in the EU financial market, compete with established players, and offer a wider range of financial products and services to meet the advancing and evolving needs of its customers. This will help to retain existing customers and attract new ones, which can result in long-term growth and stability.

fidomoney has continued to grow and is in a strong position to take on the challenges of 2023 and beyond. As a company, it is on track to becoming a leading provider of financial services. With its strong performance in 2021 and 2022, its investment in technology and stability and its plans for 2023, fidomoney is poised for continued success.

At a glance

fidomoney offers intelligent, tailor-made solutions based around the start-ups and small businesses it serves
Established: 2019

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