User:ReVeluv02/sandbox/Multipass

MultiPass is a London-based financial technology company which provides current accounts, multicurrency cross-border transactions and foreign exchange for businesses based in Europe, United Kingdom, and several other countries. The company is a fully digital service provider that claims to have branch-like personal service support available by phone, messengers and online.

History
The company belongs to an international holding Dyninno Group that operates business in travel, fintech and entertainment sectors. Co-founded by Dmitry Tsymber and Alex Weinstein, the company was initially created as a shared payment solution for simplifying cross-border payment flows within the Dyninno group of companies. After seeing the demand for this service from the group’s partners worldwide, the management decided to bring it to market.

The company was registered in the United Kingdom in 2017 under the name of DynaPay. In 2018, it was issued an Authorised Electonic Money Institution license by the FCA. In 2020, the company obtained a UK sort code and launched its first product – a business payment account supporting EUR and GBP transactions. In November 2020 it became a member of Innovate Finance community. In 2021, DynaPay partnered with several correspondent banks, supplementing their offering with 30+ currencies, forex services and expanding customer geography. By the autumn of 2021, the company’s revenue grew fivefold, processing over £10 million a month in transactional volume. In September 2021, it became a member of the SWIFT network receiving its own connected Bank Identifier Code (BIC) DYPYGB3L.

The company announced its rebranding to MultiPass (MultiPass Platforms Limited) in March 2022. According to the company website, the new name translates the multi-dimensional nature of its business providing its multinational customer base with numerous currencies, payment rails as well as multilingual support.

Services
MultiPass offers multicurrency payment accounts for businesses with access to instant foreign exchange services. The company claims to have over 30 currencies available to be sent/received via SEPA, SWIFT, Faster Payments, ACH and other world networks.