World First joins forces with the Institute of Directors

World First, the international money transfer expert, and the Institute of Directors (IoD) today announce a unique partnership to offer IoD members access to the firm’s award winning service and competitive exchange rates when making currency transfers.

The new relationship will see World First become the IoD’s preferred provider for international payments as part of the member body’s Preferred Programme. All 30,000 IoD members will be entitled to a range of specially negotiated benefits and there will be no fees for individuals or businesses making international money transfers.  World First’s team of experienced currency specialists will work closely with IoD members to find the right solution for their individual needs.

With shared values of supporting small businesses and the entrepreneurs who run them, the new affiliation is a further demonstration of World First’s ongoing commitment to support UK SMEs to think globally for business growth.

Commenting, Seth Harvey, Global Head of Partnerships, World First said: “We’re delighted to be joining forces with the IoD. As an organisation, we are committed to supporting small businesses who are increasingly enjoying the benefits of international trade, whether that’s sourcing from suppliers abroad or selling to customers in overseas markets. We look forward to enabling IoD members to take advantage of the opportunities of international trade by offering them a simple, cost-effective and fuss-free solution to managing their foreign exchange needs”.

Louise Gulliver, Managing Director, Professional Development, Institute of Directors, said: “International payments is a welcome addition to the IoD Preferred Portfolio. The IoD is focussed on providing a valuable range of benefits as part of its membership package. Over a third of current members are involved in businesses that have offices or representatives outside the UK and half of current members export overseas. Access to favourable exchange rates and international payment solutions are an essential element to positively impact on internationally-generated turnover. Moreover, with the recent Brexit vote, FX volatility is a critical consideration for members.”

 World First is market-leading, award-winning, rapidly-growing international FinTech business. Expert in international currencies and money transfer, World First combines specialist knowledge of foreign exchange markets with technological innovation to help individuals and businesses manage cross border currency payments quickly, securely and transparently. A specialist alternative to traditional banks’ generalist approach, World First has successfully exchanged more than £50bn for over 120,000 individuals and businesses since 2004. World First’s corporate and e-commerce desks enable SMEs and online marketplace traders to expand internationally via a specialist and personalised service proposition and bespoke technology. We call these businesses ‘mini-multinationals’.

World First employs over 600 people across 6 international offices in London, Amsterdam, Sydney, Austin-TX, Singapore and Hong Kong with plans for further expansion into new countries. World First has strategic partnerships with over 20 businesses including Virgin Money, Harrods Bank, and News International. World First has licences to service clients in over 45 countries.

The Institute of Directors is a non-party political organisation, founded in 1903, with approximately 30,000 members. Membership includes directors from right across the business spectrum – from media to manufacturing, professional services to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.

The IoD was granted a Royal Charter in 1906, instructing it to “represent the interests of members and of the business community to government and in the public arena, and to encourage and foster a climate favourable to entrepreneurial activity and wealth creation.”

The Charter also tasks the Institute with promoting “for the public benefit high levels of skill, knowledge, professional competence and integrity on the part of directors”, which the IoD seeks to achieve through its training courses and publications on corporate governance.