Airwallex, the global payments and financial business platform, has partnered with Public, a US-based multi-asset investing platform, to minimise conversion costs for UK investors when purchasing US-based equities on the Public app.
The collaboration with Airwallex comes shortly after Public completed its expansion into the UK, the company’s first destination outside of the United States. The launch means that UK members can now create a portfolio with over 5,000 US-listed equities, benefit from low FX fees, and zero commission trading during US stock market hours, all while accessing Public’s deep data and insights.
Airwallex’s financial infrastructure and global payment capabilities create a seamless investment journey for Public’s customer base. Using Airwallex’s API and developer toolkit, Public aims to create a “frictionless” experience for UK investors when they convert their GBP into USD in order to invest in US stocks.
Ryan O’Holleran, head of enterprise sales EMEA at Airwallex
Ryan O’Holleran, head of enterprise sales EMEA at Airwallex, commented: “Access to a global investing platform levels the playing field for retail investors, and Airwallex’s financial operating infrastructure enables businesses like Public to operate on a global scale.
“We’re excited to be powering Public’s UK app and further break down barriers for UK investors to access the US market.”
The investing platform explained that it hopes the move will give it a competitive edge as it continues to grow its UK user base. Airwallex’s integration has also made it easier for UK members to access the US markets.
Dann Bibas, GM of international at Public, also discussed the partnership: “Partnering with Airwallex has allowed Public to take the first step toward growing from a US-based-investment platform to a global one, aligning with our mission of making public markets work for all people. Looking ahead, we’re confident that Airwallex’s suite of products across cross-border payments and FX will enable Public to support more investors in more places for a long time to come.”
The post Public Minimises Conversion Costs for UK Investors Following Expansion appeared first on The Fintech Times.
