Dynapay Team Up
“Can a Dyninno Group payment unit transform into a full-service multi-currency challenger bank for internationally active SMEs?”
HQLondon, United Kingdom
IndustryFintech / Cross-border payments
The story
Dynapay was a UK-based payment solution within the Dyninno Group, initially focused on business payments. In 2021 it partnered with Currencycloud to expand its FX and multi-currency capabilities targeting multi-jurisdictional SMEs. By March 2022, Dynapay had fully rebranded as Multipass, pivoting to a challenger bank proposition with local accounts in the UK, US, and EU, multi-currency wallets supporting 38 currencies, and real-time tracked global payments across 180 countries.
Last 12 months
—
Product timeline
2021
Dynapay (part of Dyninno Group) partnered with Currencycloud to add multi-currency capabilities via Currencycloud Spark, enabling support for SMEs with global operations.· banking
2022
Dynapay rebranded as Multipass, repositioning as a bank challenger offering multi-currency accounts in 38 currencies with local payment accounts in the UK, US, and EU.· pivot
The stack
FX & payouts
Accounting gap: none