BuyinPortugal, a B2B ecommerce startup launched in 2017, partners with British fintech company MatchPlace to improve payments and exchange rates.
Did you know that Portugal and the United Kingdom have the oldest alliance in the world that is still in force?
The “Luso-British” alliance was ratified at the Treaty of Windsor in 1386 and that alliance is still referenced in today’s business dealings between the two countries.
That’s why when BuyinPortugal partnered with MatchPlace, the latter was referred to in a press release as a “Luso-British Company,” which basically means it is a company that is friendly to Portugal.
MatchPlace is a fintech company that develops an alternative model of foreign exchange operations for small and medium-sized enterprises (SMEs), while BuyinPortugal is a tech startup that created and manages the B2B ecommerce marketplace, BuyinPortugal.pt.
This new partnership between the two companies is intended to support customers in payments and foreign exchange transactions.
Ricardo Wallis
“Our mission is to make business easier to support the access to markets and throughout the export process,” said BuyinPortugal CEO Ricardo Wallis.
“This partnership arises with the intention of facilitating the relationship of Portuguese companies with the international market,” he added.
Wallace has overlapping experiences of 37 years in traditional shops in Lisbon, Ponta Delgada, and Luanda; 22 years in international trade, and 19 years in ecommerce.
The agreement between the two companies aims to combine MatchPlace’s payment services and currency operations capabilities with the BuyinPortugal’s marketplace platform.
Benjamin Gedeon
“Both companies share the same values and objectives, through technology we bring solutions at competitive prices to develop the turnover of Portuguese importers and exporters,” said Benjamin Gedeon, CEO at MatchPlace.
Gedeon has over 17 years of experience in Fintech, Investment Banking, and Capital Markets.
With offices in London and Lisbon, MatchPlace brings fintech solutions to new technologies and providers financial services through a platform to distribute to customers.
The two companies recognize the advantages in entering into this partnership that will maximize the benefits arising from the synergies encountered between the two parties.
It combines MatchPlace’s capacity and know-how in the area of payment services and currency operations with the advantages of the B2B marketplace platform of BuyinPortugal.
BuyinPortugal’s mission is to make it easy to do business anywhere by giving Portuguese suppliers the necessary tools to reach a global audience for their products, and by helping international buyers to find Portuguese suppliers and products quickly and efficiently.