LHV, the financial and payment services provider, has announced that award-winning corporate pre-paid payments solution provider, B4B Payments, has become the latest Fintech customer of its London branch.
LHV offers several innovative financial services to its wide range of clients and is the preferred banking partner amongst FinTechs. They have added B4B payments, a leader in fintech and prepaid payment solutions to their client list as the payment provider plans to expand globally and open an office in the USA.
B4B Payments will gain access to LHV’s full services, including state of the art payment infrastructure and real-time Euro and Sterling payments capability via Single Euro Payment Area (‘SEPA’) Instant and Faster Payments schemes respectively.
In addition, B4B will benefit from access to LHV’s Application Programming Interface ‘LHV Connect’, which offers a wide range of services, including GBP and EUR safeguarding accounts, Virtual IBANs, currency exchange, liquidity services and where appropriate financing.
B4B CEO and co-founder, Paul Swinton said, “We looked at a number of providers to provide safeguarding and virtual IBAN capabilities. LHV came out on top due to their flexibility, functionality and value proposition. We migrated our clients easily onto the platform and we are very happy with the service to date. LHV will also be able to support us when we establish our European operation later this month with a one-stop solution.”
As a leader in Fintech and prepaid business payments for over 14 years, B4B Payments offers innovative, flexible, and time-saving solutions that streamline and eliminate antiquated finance and accounting processes.
The FCA authorized company is also going global, expanding operations in North American and opening its first US offices in Boston. The platform enables organisations of any size to manage expenses, simplify payroll, reimbursements, and offer employee rewards and incentives.
Since opening their London office in 2018, LHV have quadrupled customer numbers and significantly diversified their client base, serving companies that range from payment service providers to start-ups, to unicorns.
Andres Kitter, Head of LHV’s UK Operations, said, “Our decision to establish a presence in London post the 2016 Brexit referendum was to increase our presence in what remains one of the leading financial and fintech sectors in the world and in the process attract customers of the calibre of B4B. The company has been operating for fifteen years, which shows significant experience and market resilience and we are delighted that two profitable organisations are partnering for continued growth.”