Cornerstone FS, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, has acquired Pangea FX. Pangea was founded in 2017 by Joe Jones and Stuart Plummer and is a specialist FX and treasury consultancy. The deal is set to be worth up to £200,000. As stated at the time of fundraising, the intention was to invest in our sales to drive growth and believe this is the optimum means of achieving as it also gains a book of business in the short term, which will be expected to be significantly helpful during expansion.
International payments can be complex. Getting them 100% right, 100% of the time is crucial for any business’s growth, development and ultimately success. Big corporates have access to a wealth of premium technology that makes this process simpler and quicker. However, until now, this type of financial technology has been out of reach for most other businesses. At Cornerstone, the mission is to change this and democratize the international payments process.