Overview
SWiM Worldwide was launched with a mission to develop a suite of technology platforms to better connect and serve the needs of businesses worldwide. Now, the fintech start-up has launched two of these platforms SWiM PAY and SWiM REWARDS to provide a service that surpasses what banks offer.
Transforming transfers
When SWiM Worldwide’s founders identified that banks control the majority of cross-border B2B payments, they spotted a significant untapped opportunity. SWiM Worldwide began conducting extensive market research to create a system that had never been built before. The business envisioned a new service with unlimited transaction sizes. It would also be faster, cheaper, and available in more currencies and for more countries than its rivals. SWiM PAY customers have an e-wallet that supports instant payments globally. And when they use the service, customers automatically earn SWiM REWARDS. And they can redeem their SWiM REWARD points as cash or gift cards.
SWiM Worldwide Co-founder & SWiM PAY and SWiM REWARDS Chief Operating Officer Allan Barker says, “Radium Advances provided an exceptionally cash-flow friendly, flexible funding option that enabled us to stay in control of our business and our R&D trajectory.”
Stretching the R&D dollar
SWiM Worldwide used multiple Radium Advances over four years. This enabled the business to fast-track its innovation and reinvest 100% of these advances into more R&D. This increased the size of its R&D budget without additional funding to create SWiM PAY and SWiM REWARDS. Today, SWiM Worldwide is targeting exponential growth for these offerings in the UK, European, US and Asia Pacific regions before expanding further globally.
For more information, visit the SWiM PAY and SWiM REWARDS websites.
