All about us, what we do and what we stand for and how we can help you make the most of our site.

About us

The Money Cloud (TMC) is a UK based company with global ambitions. A tech driven FX management platform for SMEs and individuals - find the most suitable payment provider, register and execute trades for cross border transactions. We offer big banking tools reserved for enterprise size companies to SMEs and individuals. Make considerable savings in comparison to your bank and manage your FX risk and exposure. We aim to give customers the confidence to try more efficient and cost-effective ways of transferring money abroad, rather than simply accepting the expensive bank fees that banks and many money transfer operators charge, as well as the uncompetitive exchange rates they use, which often adds up to a customer’s hard-earned cash being wasted.

Initially set up as a money transfer comparison engine, since May 2017 we have been harnessing the latest advancements in technology, to make the process of intelligently selecting the best payment provider to suit your needs. TMC has also developed and can showcase its FX management hub, which allows you to register and send money to multiple beneficiaries using multiple brokers on one platform. It leverages recent changes in government policy such as PSD2 and API-driven live pricing feeds, to provide a one-stop-shop for customers finding, comparing and concluding overseas money transfer deals, with KYC and AML procedures conducted automatically on their behalf, and a complete transaction history of all trades made kept securely, putting customers, be they individuals or businesses, in complete control of their overseas finances.

 

TMC is striving to be at the forefront of international payments globally and through its own tech roadmap and forming strategic partnerships is working towards demystifying and opening up international fiscal borders for all.

 

TMC helps you save money by referring you to specialist, regulated foreign exchange brokers. They are the market leaders, with the best currency and commission rates for international money transfers in comparison to the banks. As a business and a service provided to you for free, we make our money directly from the broker.

BACKGROUND


Our founders, Huw Jenkins and Emmanuel Addy, set up the world’s first international money transfer comparison site (a public service project) all the way back in 2004. Huw, a tech innovator, and Emmanuel, a former solicitor, started working together 15 years ago, studying the global remittance markets. Their public-sector clients included the World Bank, Department For International Development, United States Agency for International Development, International Fund for Agricultural Development, the Commonwealth Secretariat and many governments and diplomatic missions from Africa and Asia. Private sector clients included Barclays, Visa International, Monsanto and Unilever.

Using the knowledge and experience they gained working with public and private sector clients, Huw and Emmanuel launched The Money Cloud as a commercial venture to use technology to bring more clarity than ever to the money transfer market

Comparison tool

Sending Currency
Buying Currency
Send USD Receive

Nicola O'shea

Was going to use our local Post Office until I realised by using your comparison chart how they're loading the exchange rate. You've given me an extra $50 AUD by using Xendpay

J Abrahams

I sold some artwork in New York and needed to get my funds back to the UK. I saved over £12,000 over the quote given by my bank
Portugal property

MAKING OVERSEAS PAYMENTS FOR BUYING PROPERTY IN PORTUGAL

When purchasing property in Portugal, we explain all the steps involved in the purchase. We can demonstrate how to make the most of your money when making the international payments to cover the purchase price and associated costs and how to avoid exchange rate risks.

Paying overseas suppliers in their own foreign currency

PAYING OVERSEAS SUPPLIERS FOR GOODS AND SERVICES

When paying overseas suppliers on a regular basis, currency conversion costs as well as fees when using your bank all add up. The Money Cloud saves you money by introducing you to specialist foreign exchange companies when conducting overseas business purchases and expenses.

Market Insights

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