Swiss Fintech Telexoo partners with GetID to speed up the KYC process

Case and History

Swiss fintech company Telexoo specialises in currency exchange through international bank transfers. The company was established in 2013 and its main goal is to reduce the cost to customers of transferring and paying bills in different currencies around the world. It should be noted that exchange fees for customers of Swiss banks constitute a significant part of the transfer.

Using in-depth knowledge of banking processes and high technology, Telexoo is now a unique financial intermediary that offers the best exchange rates for international payments. For example, a customer works for a multinational corporation, his Swiss bank salary is in Swiss francs and he needs to pay his children’s education in the UK in Sterling or his mortgage in the US in Dollars. In addition to international corporations, translation issues are also relevant for many professionals coming to work from neighbouring countries or living at the border.

The team also has a solution for businesses that import and export goods from Switzerland. These companies can save significantly on international invoices for goods and services.

Telexoo takes the security of the payment process very seriously. The company is regulated by FINMA and follows all established procedures carefully. At the same time, it is important to the Telexoo team that the entire transfer procedure is not only cost-effective and secure but also fast for the client. Modern clients are not happy with slow onboardings full of friction.

The main challenge is to offer fast and cost-effective exchange transfers for a multitude of people with different needs.