Western Union Business Solutions & ELITE to support UK businesses

Source: IBS Intelligence 2020-06-17

Western Union (WU) announced a partnership today with ELITE, a part of the London Stock Exchange Group, intending to provide a portfolio of services to companies in the UK through Western Union’s Business Solutions. The partnership aims to enable UK companies to boost growth, raise capital and access global and local networks. Western Union Business Solutions equips businesses with solutions to send, receive and manage international payments.

“We are excited to collaborate with London Stock Exchange Group’s ELITE platform, to support fast-growing companies,” said David Prendeville, head of UK foreign exchange services, Western Union Business Solutions. “The opportunity to assist these businesses in formalizing their payments strategies as their trusted partner is very exciting.”

According to the companies, the collaboration will enable Western Union Business Solutions to offer FX, cross-border payments expertise, access to a network of industry experts and relationship managers to navigate the global marketplace. It will also be allowed to share global compliance expertise, help in the development of strategies for international payments management, currency risk, etc.

Paola Cuneo, Head of Advisors and Investors, ELITE, said, “We are delighted to be partnering with Western Union to help ambitious high-growth businesses in the ELITE ecosystem. This collaboration supports ELITE companies in their journey to expand their presence nationally and internationally. Accessing Western Union’s substantial expertise will be critical in order to achieve their growth plans.”

ELITE provides companies access to the skills, capital and networks they need to expand. It offers education, business support, mentoring, networking and access to a community of the global investors, as well as its own funding platform.

Western Union

ELITE

Western Union Business Solutions & ELITE to support UK businesses

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