The Danish SME Payments Specialists.
OneMoneyWay is a Danish FinTech Startup that has partnered with B4B to offer SME’s payment services. They aim to simplify corporate payments for small businesses, eliminating the lengthy processes and high costs typically associated with opening a corporate bank account in Denmark.
Partnering with B4B Payments to Navigate Regulatory Challenges.
As a FinTech company operating in a highly regulated environment, OneMoneyWay faced numerous challenges to become a fully licensed entity. However, by partnering with B4B, they have found a speedy route to market. They have navigated the complexities of regulations and payment technologies, while ensuring compliance and ethical conduct.
Oliver Bentzen, CEO of OneMoneyWay, highlights the benefits with B4B.
“Now that B4B has become part of the Banking Circle Group, they’re able to offer an even wider array of financial services. Unlike other providers focus on payments only, FX only, cards only, B4B can provide everything for the new generation of FinTechs.
B4B Payments are especially skilled in the field of compliance where they truly outpace their competition, for us that means our clients get onboarded much faster than our competitors and that makes us an attractive solution to end customers. “
OneMoneyWay streamlined onboarding and affordable banking solutions.
Together, OneMoneyWay has shortened the onboarding time from 3-6 months to 2-6 weeks with a much lower monthly fee. OneMoneyWay has leveraged B4B Payments’ comprehensive range of financial services, including payments, FX, and the possibility of card issuing capabilities. Therefore, now they can offer a full-fledged banking experience to small and midsize businesses.
OneMoneyWay tailored Financial Services with B4B’s technology.
Using B4B’s Embedded Finance Services and API integration, OneMoneyWay can tailor its offerings to suit the clients’ needs. They provide SMEs with a simplified and user-friendly financial platform with DKK, SEK, EUR, USD and GBP accounts. Through these accounts, B4B has payment services in both local rails and to 25+ currencies through SWIFT & NACHA.
By incorporating B4B’s Embedded Finance Services into its product and service offerings OneMoneyWay enhances their ultimate client value proposition.
“B4B Payments’ robust and secure API has a perfect use case here. OneMoneyWay integrates with B4B’s platform and select the specific banking provisions that suit their needs,” says B4B Director of Accounts Tim Robson. This flexibility allows them to work with regulatory demands and provide their clients with a simplified and user-friendly financial platform.
Scaling Success: OneMoneyWay Achieve Remarkable Outcomes.
One Money Way, in just six months, has onboarded many clients with B4B. In addition, They have received 4.7 out of 5 excellent reviews for its fast onboarding and currency options on Trustpilot.
“My future expectations are that OneMoneyWay and B4B Payments will grow together across Europe with the ambition of reaching the first 10,000 clients within 18 months,” says Oliver Bentzen, CEO of OneMoneyWay.
In summary, B4B is thrilled to solve SME pain points together with OneMoneyWay and so create a unique offering.
B4B Account Manager, Adam Bradford who looks after the relationship with OneMoneyWay added, “The partnership highlights how we can provide a fast-to-market solution for a new entrant to the fintech space. It allows them to build an effective platform connected to payments and card rails.”