Currenxie launches EEA business accounts from Ireland

Currenxie has launched a multi-country, multi-currency business account across the European Economic Area, marking its entry into the European market.

The expansion follows its authorisation as an Electronic Money Institution by the Central Bank of Ireland, giving it a regulated base for European operations. Currenxie has established a team of 15 in Ireland to support the launch and expects that to grow to more than 30 over the next two years.

The business accounts are designed to help companies collect and make payments in multiple markets through local domestic payment infrastructure, rather than relying solely on traditional cross-border banking routes. Currenxie is targeting established small and medium-sized businesses that trade internationally, particularly those managing supplier and customer relationships across Europe and the Asia-Pacific region.

The launch comes as many European businesses review their supply chains and broaden their supplier base in response to geopolitical uncertainty. Research commissioned by Currenxie found that half of businesses had expanded their international supplier base in the previous 12 months, while 91% of those respondents said the move had increased profits.

The research also pointed to continued strains in international payments. It found that 71% of businesses regard cost-effective international payments as critical to global competitiveness, while 52% said slow processing and high costs are harming relationships with overseas suppliers. Another 31% said payment inefficiencies had forced them to pass higher operating costs on to customers.

Payments focus

The European offering gives firms access to local virtual accounts in markets including the US, UK, Canada, Australia, Japan and Hong Kong. The structure is intended to shorten settlement times and reduce fees linked to intermediary banks in cross-border transactions.

Currenxie has built much of its business around serving merchants and other internationally active firms that want a single platform to handle collections, foreign exchange and outbound payments. It now has more than 15,000 clients in 100 countries and licences in seven countries.

The company processes more than USD $6 billion in annual payment volume and has transferred more than USD $18 billion for merchants to date. The total value of funds processed rose 23% year on year in 2025, according to Currenxie.

Sam Coyne outlined the company's position in the market.

“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,” said Sam Coyne, Chief Executive Officer Europe at Currenxie.

“By launching in the EEA, we are giving European merchants the same level of support, local market expertise, and services that were previously reserved for multinational corporations.”

Ireland base

Peter Burke, Minister for Enterprise, Tourism and Employment, also highlighted Ireland's role in the expansion. Currenxie has chosen Dublin for its European operations as it looks to serve customers across the EEA from a single regulated hub.

“I welcome Currenxie's decision to establish its European operations in Dublin and its plans to create high-quality jobs over the next two years. The company's decision reflects confidence in Ireland as a stable, innovative and well-regulated location from which to serve European markets. I wish the Currenxie team every success in the years ahead.”

Currenxie's move into Europe adds to a broader expansion across several jurisdictions as competition intensifies in cross-border payments for smaller businesses. Providers are trying to win firms away from incumbent banks by offering local account access, lower foreign exchange costs and fewer administrative steps for companies operating in several currencies.

Two customers cited by Currenxie described the operational impact of using a single system for international payments and treasury management, focusing on supplier relationships, cash flow and reduced administrative work.

“As a global distributor, we source products from within the EU and also as far afield as Japan, the USA and Mexico, and sell to customers across the EEA, the Middle East and beyond. Rapid, reliable payment settlement improves our supplier relationships and cash flow, and Currenxie's FX solutions have increased our operating margins,” said Ian Sutton, CEO of Pacific Trading Aquaculture.

“Our business has grown to include suppliers from a range of countries and customers from outside Europe. Instead of handling multiple currencies in multiple countries across different bank portals, Currenxie has given us a single view of our now-global treasury and reduced costs and time spent on admin,” said Ann Marie Cleary, CFO of Interpac.