Freemarket today announces the evolution of its global payments network.
Known for our cross-border payment services, Freemarket also connects customers, partners and banking infrastructure through a network designed for fast, secure and borderless money movement - giving businesses greater control, choice and confidence when moving money globally.
We started out in 2011. After fifteen years in the industry, we’ve become one of the most advanced future-rails global payment networks, processing more than $30bn in transfer value annually.
As the business has grown, something bigger started to happen. Customers began trading with each other. We showed them how to move money between their businesses, introduced them to our partners and helped them to grow too. It became clear that we weren’t just providing the infrastructure for payments anymore, but had become a network, connecting our customers and partners.
We have a long track record of innovation and bringing the benefits of being a large business to smaller companies and innovative markets. Freemarket’s network enables you to move money globally, quickly and securely. So there’s no more chasing confirmations, managing complex banking chains or waiting days for payments to settle. Working with regulated partners we give you access to lending, programmable money, FX and banking services.
Built to Give Businesses More Control, Choice and Confidence
The benefits of the network are clarity, visibility and infrastructure. It helps you to collect, convert, pay and manage money across markets more efficiently. The Freemarket network offers:
Control – through total position visibility, 24/7.
You choose the speed, routing and settlement of all your payments, which are tracked in one account.
Choice – of the rails that work for you.
Access a panel of banks and strategic partners to move money, find liquidity and work in a basket of currencies.
Confidence – to trade and move money.
Our best-in-class compliance service onboards every member and checks transactions in real time.
In the network, you have access to lending, programmable money and banking services. Key benefits of our network include:
Intra-network transfers settle instantly.
Transparent pricing before you send.
Real-time tracking in a single dashboard.
Using stablecoin eliminates the need to hold cash in destination countries.
Dedicated, named vIBANS with ability to add named sub-accounts for underlying clients.
Freemarket was built with a clear purpose and our network marks fifteen years in business. Alex Hunn, our founder, spent time in investment banking, specialising in capital markets and cross border payments. He saw that all but the biggest businesses were getting a raw deal and poor service when they tried to move money. Banks were offering large spreads, slow transaction times and opaque pricing.
Today, we work in innovative markets, businesses and partners around the globe. We support money movement by providing the critical link between businesses and banks, offering over 30 fiat currencies all within our own network. Our customers can also access working capital and intraday loans in all our markets: Europe, Latin America, Asia Pacific, Sub-Saharan Africa and North America.
We give our customers control, choice and confidence. Together we are Freemarket, for wherever you are in the world. Come and join us!
Enable the movement of your funds. Whatever form of payments company you are, we can help. With Freemarket you can seamlessly manage your cash flow positions and execute your domestic and cross-border transactions. All this happens through quickly and easily within our network.
Our dedicated team will assist you with onboarding. So you can access 15 years of expertise and a network that constantly evolves to support our customers’ needs.
Join banks, PSPs, MSBs, liquidity partners, stablecoin issuers in our network and see how you could transform your payment and treasury needs
How the Freemarket network works
Onboarding
We start by onboarding you, with compliance and due diligence checks designed to protect every member and the integrity of the network from the outset.
Governance
Our compliance team set the network rules and monitor 24/7. You decide who you want to trade with and how.
Approval
Once approved, you can choose how you want to connect: through user-friendly off-the-shelf web portal solutions, or a tailored integrated solution with Freemarket’s API solutions.
Access
You benefit through access to a full range of banking services and from the legitimacy our checks afford you in the network.
Network
In our network, you can access services from our carefully selected strategic partners, including payments, banking rails, FX and liquidity capabilities. We are adding new services all the time.
Move
You can move money almost instantly between network members. If you have multiple business entities around the world, adding them allows you to move money between them at the same pace.
Confidence
Everyone benefits because you know that we are running 24/7 checks on every transaction in real time, giving you the confidence that those transactions will be safe and successful.