Fondy to offer merchant customers virtual IBAN accounts and more through new ClearBank integration

London, UK, 22 September – ClearBank, the enabler of fully-regulated accounts, real-time clearing, and embedded banking for financial institutions, today announced its integration with Fondy, a one-stop payment platform, to provide eСommerce companies with an efficient, easy-to-implement shop payment solution. This solution will allow companies to manage and control their money flow – from acceptance of payments, IBAN accounts, and payouts to third parties.

Through ClearBank’s integration, new and existing merchant customers of Fondy will now have access to virtual IBAN accounts and the GBP payments network: Faster Payments, CHAPS and Bacs. This will enable faster and more efficient transactions at a greater scale and support new product offerings such as multi-currency business accounts. This unprecedented access to global payment networks in a number of currencies will empower businesses to provide better cash flow from online sales.

Simplifying cash management and money movement for multiple currencies will allow Fondy to help clients reach their objectives faster than ever. Clients will be able to receive funds from their customers within the same day using Fondy Flow IBAN accounts, improving their cash flow from online sales. The access to several payment networks in the world in several currencies will empower Fondy’s customers by providing an unparalleled cash flow benefit, among other things.