Payments fintech Currenxie has launched multi-country, multi-currency business accounts across the European Economic Area, establishing Dublin as its regulated European hub following authorisation as an Electronic Money Institution by the Central Bank of Ireland. The expansion, reported by IT Brief, targets established small and medium-sized businesses managing supplier and customer relationships across multiple international markets.

The company has built a team of 15 in Ireland to support the launch and expects headcount to exceed 30 within two years. The EEA offering gives firms access to local virtual accounts in markets including the US, UK, Canada, Australia, Japan and Hong Kong, with the structure designed to shorten settlement times and reduce intermediary banking fees on cross-border transactions.

Research commissioned by Currenxie found that 71% of businesses regard cost-effective international payments as critical to global competitiveness, while 52% said slow processing and high costs are damaging relationships with overseas suppliers.

Sam Coyne, CEO Europe at Currenxie, said: "Established SMEs are the engine of global trade, yet they are underserved by the slow reliability and lack of transparency of banks or the limited scope of retail-focused fintechs."

Currenxie processes more than USD $6 billion (approximately €5.1 billion) in annual payment volume and has transferred more than USD $18 billion (approximately €15.3 billion) for merchants to date. Total payment volume rose 23% year on year in 2025. The company now serves more than 15,000 clients across 100 countries and holds licences in seven jurisdictions.

Explore the full details of Currenxie's European launch and SME payments strategy.