More and more companies pay counterparties in Africa: suppliers in Kenya and Nigeria, contractors in Ghana, distributors in South Africa. Trade with the continent keeps growing, and yet business payments to Africa remain the most expensive and least predictable a finance team deals with. Transfers take days, fees stack up along the way, and the […]
A company with operations in three countries tries to open one account. The bank requests documents from every entity, then requests them again. Supplier payments sit in review for days. Nothing is actually wrong with the business – it simply doesn’t fit the template the bank’s onboarding was designed around. For firms with layered ownership, […]
The supplier is waiting. The contract deadline is tomorrow. Three days have passed since you made the payment – but it’s not even there yet. No messages, explanations, or anything – just silence from the receiving bank. The fact that such situations occur more often than one might assume is due to the structural nature […]
FIN.CLUB participated in Baltic Fintech Days 2026 in Riga on May 12-13 This year, the main topic was the rapidly developing fintech sector in the Baltic area, including payments infrastructure, digital assets solutions, and increasing demand for flexible instruments of cross-border finance. For FIN.CLUB, participation in the event wasn’t only an opportunity to network but […]
FIN.CLUB attended the Cyprus Diaspora Forum 2026, held in Limassol on May 6-9, 2026. This event brought together businesses, founders, operators, and professionals working across international markets, creating a valuable platform for networking and discussing cross-border opportunities. Representing our network, Manager at Magma, joined the forum and met with participants interested in global payments solutions. […]
Planning to open a global business account? To make the process smoother and avoid unnecessary delays, we’ve prepared a practical checklist of what companies should have ready before starting onboarding. Checklist: what you need before opening a global business account 1. Define a transparent company structure Complexity is acceptable – lack of clarity isn’t. 2. […]
