Interpolitan Money Limited (a private limited company) has transitioned to Interpolitan Money Plc (a public limited company).
In a significant move, Interpolitan Money, a prominent financial services provider, recently made the transition from a privately held company to a Public Limited Company. This strategic decision brings forth a multitude of advantages for both Interpolitan Money's clients and the company itself. Moreover, this transition reflects the organisation's commitment to maintaining transparency and best practices in financial reporting, a commitment it has upheld even before becoming a Plc.
Enhanced Client Benefits
As a Plc, Interpolitan Money aims to better serve its clients by providing enhanced benefits and opportunities. Firstly, by going public but remaining “unlisted”, the company has opened doors for potential investors to expand its capital base. Increased financial stability ensures that Interpolitan Money can continue to offer reliable and innovative financial solutions to its clients.
The transition to a Plc also enables Interpolitan Money to access a broader investor base and tap into capital markets. This increased liquidity not only provides the organisation with additional funding avenues but also fosters opportunities for expansion and growth. With more resources at its disposal, Interpolitan Money can explore new markets, develop innovative products, and stay at the forefront of the financial industry.
Commitment to Transparency
Interpolitan Money's decision to become a Plc is rooted in its unwavering commitment to transparency in financial reporting. Even before this transition, the company diligently adhered to the reporting requirements associated with public companies. By becoming a Plc, Interpolitan Money solidifies its dedication to upholding the highest standards of financial transparency, ensuring that stakeholders have access to comprehensive and accurate information about the company's performance.
Interpolitan Money Plc
Interpolitan Money's journey to becoming a Plc began with a significant milestone last year when the UK-regulated legal entity of the group underwent an official name change from 'Wirepayer Limited' to 'Interpolitan Money Limited', and ultimately to Interpolitan Money PLC. Alongside this transition, the business under the trading name 'The Currency Account' (TCA) was integrated into Interpolitan Money. TCA formerly an FX payments business specialising in FX Risk Management, now offers tailor-made currency solutions as part of the Interpolitan Money brand and its alternative bank account solution.
Rishi Patel, Founder and CEO, said: "The operational changes have been an important part for clarity and alignment under one name. Interpolitan Money's transition to a Plc marks a significant milestone in the company's journey towards providing exemplary financial services. The move brings numerous advantages for clients, including enhanced financial transparency, access to a broader investor base, and continued commitment to best practices in reporting. By embracing this change, Interpolitan Money demonstrates its dedication to the highest standards of accountability, stability, and client satisfaction. As a Plc, the company is poised to embark on a new era of growth and innovation, offering an even stronger foundation for its clients to achieve their financial goals.
I have no doubt this development will open new opportunities for the Interpolitan Money Group and I am looking forward to seeing the impact it will have on our overall revenue and growth."
About Interpolitan Money Plc:
Interpolitan Money Plc is a leading financial services provider, committed to delivering innovative alternative banking solutions to its clients. As a Public Limited Company, Interpolitan Money operates with transparency and adheres to the highest standards of financial reporting. The company offers a wide range of financial services, including alternative banking solutions, tailored currency solutions, multi-currency accounts, LRS, Escrow and UK company formation services and more for Private, Corporate, funds and institutions including non-residents.
For media inquiries, please contact:
Jon East
Director – Head of Marketing
Jon.east@interpolitanmoney.com
Interpolitan Money: a truly global alternative banking solution
Interpolitan offers a comprehensive alternative banking solution. We use cutting-edge technology to handle multi-currency accounts from beginning to end, allowing clients to pay, collect and hold funds in 55+ currencies from 160+ countries.
Accelerate your international growth with named local accounts, virtual IBANs and access to FX risk management solutions.
We can open client accounts within 7- 10 working days. Funds are held in designated, safeguarded bank accounts with tier one banking partners.
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