![]() ![]() The average developer selling through Paddle makes $1,000 a month and now is saving 5 percent on landing feeds, FX fees and transaction costs, he added.įintech companies are coming at the world through mobile and social channels, said Laven, and their innovation and intelligence are changing consumer demand. ![]() “Yet, rather than the workload increasing with transaction growth, we have maintained the same number of staff to deal with this process – and have even reduced the amount of time this team spends on managing transactions.” “When Paddle started working with Currency Cloud, the company was a tenth of the size it is today,” said Grimston. ![]() It implemented Currency Cloud with its API in two weeks and gained access to a streamlined automated payment process that saved Paddle 97 percent compared to processing payments through its bank. As the company grew, it needed an automated, scalable solution for payments, said Hugo Grimston, the company’s finance director. When it started Paddle used international bank transfers or PayPal to send payments to developers whose apps it had sold. One example is Paddle, which provides a platform for app developers to sell their software around the world. Laven says that in today’s world any company can operate globally. Companies that have linked to the Currency Cloud API include MANGOPAY, WeSwap and WorldRemit. More than 150 companies use Currency Cloud and they in turn have a total of more than 500,000 end users, he told The Payers publication. Currency Cloud is a piece of infrastructure that is behind making international payments easier for all sorts of different kinds of payment platforms and provides simpler, cheaper, more transparent payments.” We don't sell directly to end users, but we are the infrastructure behind other money moving firms. We are changing the way money moves around the world. “We are embedded in lots of startups,” said Laven, “some of which have become quite big. ![]()
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