Connect with us

Hi, what are you looking for?

Investing

Stanhope Financial Group Launches following $3.5m funding drive, offers SMEs tier one global banking services

Canary Wharf

Global fintech provider brings together global transaction banking, asset management, investment banking via a single digital platform

Today Stanhope Financial Group, a new fintech company launches as the world’s first combined tier one banking services provider targeting small and medium sized business on a global scale.

The company, which has raised $3.5m in its first funding round will offer a suite of specialist services, including FX payments, treasury services and access to financing, acting as an enabler for mid-market enterprises to access previously denied services from the big banks.  Stanhope will offer key business-to-business payments services via the company’s fintech platform targeting small and medium sized enterprises (SME/MMEs).

The company, which is registered in Dublin, Ireland, opens its doors with over 10 full time staff, including entrepreneur Kevin von Neuschatz, the former managing director of Small World Financial Services, and Capital Markets specialist Khalid Talukder, previously of UBS, Citi & Deutsche.

Stanhope Financial’s successful first funding round will enable the company to launch on-the-ground specialist subsidiary companies in Dubai, serving the UAE, Asia, and African markets with investment products and solutions as well as in Lithuania, serving European customers in global payments and FX. The company also has plans to apply for a licence to operate in the UK and other key markets in the coming months.

The company’s research has identified a clear market opportunity. Demand for access to short-term investment products and international payment rails (SEPA/CHAPS/SWIFT and Fedwire) and foreign currency to make local payments continues to outstrip current supply sources due to major global banks’ current lack of appetite.

The company will focus on both treasury management solutions and international transactional banking, giving its clients access to global payments services, payment schemes such as SEPA and deliverable foreign exchange services and financing opportunities. Stanhope’s key service offering will include dedicated local relationships in key markets, aggregation of payments and foreign exchange services as well as consultancy and e banking industry expertise.

Khalid Talukder, Managing director, Stanhope Financial Group told Business Matters, “With SMEs & MMEs around the world crying out for high quality payments and treasury solutions as well as access to finance in tough times, Stanhope will bridge the gap, empowering companies to expand and grow despite disruption caused by the pandemic.

We plan to build a truly global company, with on-the-ground initial operations opening in Dubai and Lithuania, serving key regions with first class services.”

Kevin von Neuschatz, Group CEO, Stanhope Financial Group said,  “Stanhope Financial will offer a game-changing service to clients, combining the efficiency of our powerful fintech platform alongside local expertise and quality consultancy to deliver real value for ambitious businesses. Our growth plan will enable us to build a truly global business, providing companies with much needed access to critical banking services.”

Read more:
Stanhope Financial Group Launches following $3.5m funding drive, offers SMEs tier one global banking services

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Keisha B. Ta-asan, Reporter PHILIPPINE BANKS will continue to see improved profits this year, supported by better margins following the central bank’s rate...

Economy

THE PHILIPPINE government’s move to grant value-added tax (VAT) refunds for foreign tourists is expected to boost the tourism industry’s recovery from the coronavirus...

Economy

By Luisa Maria Jacinta C. Jocson, Reporter THE GOVERNMENT should diversify its major growth drivers to rely less on consumption as household spending is...

Economy

By Arjay L. Balinbin, Senior Reporter SMEC Philippines, Inc., a unit of Singaporean infrastructure and urban development consultancy company Surbana Jurong Group, said it...

Economy

THE Securities and Exchange Commission (SEC) warned the public against putting money in three entities, which are soliciting investments without first securing a license....

Economy

DMCI Holdings, Inc. and Union Bank of the Philippines are seen to improve their liquidity and stock valuation after their re-entry to the Philippine...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.