BriskPe & Currencycloud team to offer payment options to Indian MSMEs

By Gloria Mathias

Currencycloud has partnered with BriskPe, the Mumbai-based cross-border payments FinTech, to expand BriskPe’s customers’ payment options.

The partnership will open international business opportunities for its India-based micro, small, and medium-sized enterprise (MSME) customers, providing them with a broad, efficient range of cross-border payment solutions with access to more than 35 currencies while benefiting from competitive FX rates.

Integrating Currencycloud’s APIs enables BriskPe to leverage local account-based collections in key markets, including the UK, EU, Canada, and USA, simplifying the collection, conversion, and payment process. An expanded collection service with named virtual accounts will significantly help India’s MSMEs collect globally by facilitating easier, more diverse payment methods.

With access to an automated, fast, error-free reconciliation process and the ability to receive international earnings directly into their India-based bank accounts in a single business day, businesses will have rapid access to their funds and can focus on their growth ambitions.

Sanjay Tripathy, Co-Founder and CEO BriskPe said, “Our collaboration with Currencycloud aligns perfectly with our mission to eliminate the complexities associated with international collections for MSMEs by simplifying international payments. What’s more, Currencycloud’s enhanced scalability allows us to deliver value to our clients without compromising on service quality.

Rohit Narang, Managing Director of APAC, at Currencycloud shared, “We are delighted to work with BriskPe and help facilitate its expansion in the international cross-border payment landscape. We look forward to working with them as they continue to enable India’s often under-represented businesses to thrive on the global stage”.

BriskPe is seamlessly blends regulatory expertise, technological innovation, and an unwavering commitment to empower Indian MSMEs. BriskPe’s mission is unequivocal to equip Indian MSMEs with the firepower needed to conquer the global market. The platform’s commitment goes beyond transactions; they transform each payment into a meticulously documented journey, easily traceable by customers.