Safenetpay changes its name to Moneff
10th October 2022
Safenetpay announced its rebrand and name change to Moneff. The rationale behind the new name has been to more closely reflect the change in Moneff’s proposition from a pure payments company to an expanded portfolio of streamlined and efficient services to support SMEs.
SMEs and entrepreneurs need easy-to-access solutions that manage their money. Despite SMEs making up 99% of all registered businesses in the UK, high street banks and mainstream lenders continually overlook or reject entrepreneurs, and charge extortionately high rates for business accounts and cross-border transfers.
Moneff helps small businesses move their money more efficiently by providing a one-stop hub for free* multi-currency business accounts, transfers with competitive FX rates, card issuing and online payment processing services. By creating a global financial infrastructure using innovative API-led cloud technology and leveraging strategic partnerships, Moneff aims to create a fairer and more progressive financial ecosystem for the 22.6 million small and medium-sized enterprises (SMEs) across the UK and EU.
“We felt it was necessary to change the name of the company to more accurately reflect our offering of helping small businesses manage their money efficiently,” – Sanjar Mavlyanov, CEO and founder of Moneff.
“We want our customers to be focused on improving their business, rather than being distracted by dealing with multiple vendors. That’s why we are building an ecosystem of business tools that helps companies grow and save them money” – Dilshod Mikhmanov, Moneff’s Co-founder and CFO.
By providing small businesses with free*, borderless and frictionless e-money accounts, Moneff is democratising the customer experience by putting their needs first and offering a true money solutions alternative for businesses of all types.
Moneff prides itself in providing high levels of customer service, and is always seeking to refine and develop our business practices to achieve best results for its clients.
* Subject to eligibility criteria.