Airwallex, a foremost global payments and financial platform for contemporary businesses, has entered into a partnership with Alpaca, an innovative developer-first API brokerage platform.
The collaboration is primarily aimed at supporting Alpaca’s global payments and foreign exchange (FX) requirements. This alliance is particularly significant, following Airwallex’s recent successes in the WealthTech sector, which includes collaborations with Public and OurCrowd.
Airwallex, established in Melbourne in 2015, is a global financial giant headquartered in Singapore. The company has a wide presence with 20 offices worldwide. Dedicated to providing modern businesses with cutting-edge financial infrastructure and global payment solutions, Airwallex empowers firms to capitalise on new opportunities and expand without constraints.
On the other hand, Alpaca’s vision revolves around democratising financial services, aiming to make them accessible to everyone across the globe. By incorporating Airwallex’s FX solutions, Alpaca allows its broker partners to grant retail customers an uninterrupted local currency investment experience, eliminating the complications of currency conversion to U.S. dollars.
The alliance with Airwallex enables Alpaca and its broker affiliates to harness the power of Airwallex’s extensive global network. This encompasses local collection and payment systems, facilitating transactions in diverse currencies like Australian dollars (AUD), Canadian dollars (CAD), Euros (EUR), and many more. Additionally, it aids in adeptly navigating the risks associated with foreign exchange.
Airwallex boasts a global workforce of approximately 1,400 individuals and has amassed a clientele of over 100,000 customers, which includes notable names like Brex, Navan, and SHEIN.
Airwallex Head of Enterprise Sales, Americas Philipp Reichardt said, “Alpaca is unlocking access to the U.S. stock market at a global scale. We’re excited to support Alpaca and its customers in achieving seamless and efficient investment across currencies, continents, and timezones.”
Alpaca’s SVP of Sales and Corporate Development Tarun Ajwani commented, “Companies like Airwallex are making it easier for retail customers to access investing opportunities across the globe with its seamless FX solution. By simplifying global payments and eliminating currency conversion hassles for our broker partners, we aim to provide a seamless investing experience to their retail customers.”
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