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Wise Partners with Firstbase to Provide Cross-Border Payments for US Businesses

Marija Krasnopjorova

07.06.22 (updated more than 1 year ago)

Read time 1 minute

Wise announces a partnership with Firstbase Loop, the first all-in-one OS that allows anyone to incorporate a U.S. company and manage their entire business on a single platform.

Any business incorporating with Firstbase will now have access to a seamless process to open a Wise Business account and get access to fast, transparently-priced money transfers, one account to receive, send and hold over 50 currencies.

Take your business global and pay suppliers, employees or partners all over the world. Through integrations like automatic bill pay with QuickBooks – unlock a simple, painless experience of managing your business finances across borders.

“The global reach of Firstbase companies means we need financial solutions that work across the world, and that’s exactly what Wise offers our platform,” said Firstbase CEO and founder Mark Milastsivy. “Now any U.S. entity that Firstbase serves has a P2P money transfer solution they can count on with Wise.”

Firstbase makes it easy for anyone in the world to incorporate a company in the U.S., while Wise makes it possible to instantly move money abroad more with lower exchange fees and other costs than traditional banking solutions. The tens of thousands of existing businesses on Firstbase now have a fast and affordable way to send money internationally, joining the 13M people and businesses using Wise—processing over $8B in cross-border transactions every month and saving customers over $1B a year by using the real exchange rate.

“Wise ensures that all businesses have a trustworthy and transparent solution to send money abroad” said Ryan Zagone, Americas Partnerships Lead at Wise. “By integrating with Firstbase Loop, newly incorporated companies around the globe can now send money safely and with ease.”

Research conducted by Wise discovered that 46% of small businesses around the world operate internationally. Over half (51%) reported that the complexity of making and managing international payments is a major deterrent to either venturing or further expanding overseas. Ninety-five percent of the companies that incorporate with Firstbase onboard a business banking product. Over 80% of these companies that incorporate using Firstbase come from 180+ countries, with the largest markets including India, the United Kingdom, Nigeria, Pakistan, and Canada. As such, Firstbase customers require a cross-border, multi-currency financial solution that keeps pace with their company’s global footprint. Now with Wise seamlessly integrated into Firstbase’s all-encompassing platform, affordable international payments are readily available to match the digital demands facing today's founders.

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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

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