An outstanding international payments platform for banks, money service businesses & remittance providers: Cymonz

Cymonz, a dynamic leader in the fintech sector, has a storied history of exceeding customer expectations and transforming user experiences. Founded in 2011 by Simon Lynch, Cymonz was born out of a vision to revolutionize the international payment landscape. With an extensive background in the international payments and foreign exchange (FX) industry, Simon leveraged his expertise to create a scalable platform tailored to meet the diverse needs of international payment businesses and their customers. Simon's journey in the FX industry began in the trenches as a night dealer, progressing through various roles that honed his understanding of the sector. His entrepreneurial spirit led him to establish a technology company in 2008 that successfully transitioned international payments online. This venture's success culminated in its acquisition by HIFX, now a part of XE, underscoring Simon's knack for innovation and market foresight. It was during this period that he identified the industry's opaque nature and the rigid, 'locked in' frameworks that hindered customer-centric outcomes. Embarking on his Cymonz journey as its sole employee, Simon's first client was a Foreign Exchange company. Cymonz provided comprehensive support, optimizing every facet of their business from technology infrastructure and regulatory compliance to staffing and sales strategies. This holistic approach set the stage for Cymonz’s reputation as a trusted partner in the international payments industry.

Today, Cymonz boasts a dedicated team of over 20 professionals. Despite being heavily bootstrapped, the company has emerged as a prominent player and enabler of international payments platforms, offering bespoke solutions to banks, money services businesses (MSBs), and remittance firms globally. The Cymonz platform is versatile, capable of being quickly deployed as a standalone service or seamlessly integrated into existing systems, delivering streamlined currency exchange and payment services. The company’s rapid growth is fueled by a commitment to better serve the international payments sector while enhancing the end-user experience. Cymonz's core values reflect its dedication to innovation, boldness, accountability, and flexibility. The company believes in leveraging technology to drive business improvements, recognizing that true innovation is acknowledged and rewarded by peers, not self-proclaimed. By embracing the cutting-edge of technology, Cymonz consistently makes strategic decisions that translate into rewarding outcomes for its customers.

At the heart of Cymonz’s philosophy is the principle of being bold. The company strives to distinguish itself by making courageous choices that set it apart in the competitive fintech landscape. Owning their platform means taking full responsibility for the solutions they implement, a commitment that has solidified their reputation as fintech pioneers with each success story. Cymonz’s flexibility is a key differentiator, offering clients the freedom to choose and enabling the company to respond swiftly to market needs, ensuring superior results in a shorter timeframe. This nimbleness is essential for maintaining effectiveness in the fast-paced tech sector. Cymonz is a delivery-focused enterprise driven by passionate individuals who create success for their clients and, by extension, their clients' customers. Their mission is to streamline and automate international payments for banks, MSBs, and remittance businesses using innovative and secure technology. By lifting the veil of mystery that has long cloaked the international payments industry, Cymonz is dedicated to effecting change and achieving faster, better results, solidifying its status as a true fintech pioneer.

Scalable international payments platform

Cymonz stands as a beacon of innovation and flexibility in the dynamic landscape of international payments and currency exchange. With a comprehensive suite of services designed to streamline operations, enhance customer satisfaction, and boost profitability, Cymonz offers a tailored solution to meet the diverse needs of businesses operating in this complex industry.

At the core of Cymonz's offerings lies its commitment to automation and profitability. Through cutting-edge technology and seamless integration with existing liquidity and FX networks, Cymonz empowers businesses to automate processes, reduce overhead costs, and drive sales with maximized straight-through processing. The platform's end-to-end automation replaces legacy systems, allowing clients to focus on growth while minimizing administrative burdens.

One of the key differentiators of Cymonz is its unmatched flexibility, underpinned by seven core features:

1. End-to-End Automation: Replace legacy systems with automated processes, reducing overhead costs and enabling streamlined operations.
2. Scalability and Affordability: Grow alongside your business with cost-effective solutions that cater to evolving needs.
3. Agnostic Integration: Integrate seamlessly with multiple liquidity providers and FX networks, offering unparalleled flexibility and efficiency.
4. Centralized Utility: Manage all aspects of currency exchange and payments in one centralized location, simplifying operations.
5. User-Friendly Customization: Provide customers with a seamless, intuitive experience tailored to their needs and preferences.
6. Secure and Vigilant: Ensure compliance with AML regulations and mitigate risks through robust security features.
7. Easily Branded: White-label the platform under your brand, offering a seamless experience to your customers.

Cymonz's international payments platform boasts a plethora of features designed to enhance efficiency and customer satisfaction. From a responsive website facilitating currency transactions at live rates to dynamic iOS and Android applications enabling on-the-go transactions, Cymonz ensures a seamless user experience across all touchpoints. Secure account registration processes and compliance integrations further enhance trust and security.

The back-office application provides comprehensive functionality for managing currency exchange transactions, customer registrations, FX settlements, risk management, and compliance. Real-time risk management tools and integrated compliance features offer peace of mind while navigating the complexities of the international payments landscape. Furthermore, Cymonz's white-label capabilities enable businesses to create client websites for partners, extending their reach and revenue streams. With simplified revenue sharing models and customizable access controls, partnerships thrive with minimal overhead.

For businesses seeking further customization and integration, Cymonz's API and add-on capabilities offer seamless integration with third-party applications and providers, further enhancing functionality and scalability. Cymonz empowers businesses to navigate the intricacies of international payments and currency exchange with confidence, efficiency, and unparalleled flexibility, setting a new standard for excellence in the industry.

Meet the leader behind the success of Cymonz

Simon Lynch, Founder & CEO

Simon Lynch founded Cymonz in 2013, with over 20 years experience in the international payments industry, previously the CEO of Elldrige Lynch and Lakros Technologies prior to being sold to HiFx in 2008.  Simon has covered all roles from trading, sales, compliance, operations and technology.

“Out of the box or configured to suit, Cymonz integrates with pre-existing liquidity and FX networks enabling a back-to-back payment setup while ensuring maximized straight-through processing.”