Privalgo

Privalgo is an international payment platform with multi-currency accounts, e-wallets and virtual IBANs. It combines receiving, sending and managing payments with currency solutions, including FX protection.

Entities and regulation

Privalgo Limited in the UK is an electronic money institution authorised by the FCA (FRN 900887, company number 11219580). The authorisation is stated on the company's website. In the Netherlands, a separate EMI, Privalgo B.V., operates under DNB number R196968, and Privalgo Markets Ltd is an investment firm with FRN 950964. Client money is segregated and held at global credit institutions.

Products

The listed services are multi-currency accounts, e-wallets, virtual IBANs, FX, international payments, currency balances and FX protection. The company states that it can receive payments in more than 40 currencies and manage the later conversion.

Who it suits

Companies that collect payments from customers in many currencies and want to control when and at what rate they convert them. Because the services are split between legal entities, a client should confirm which of them will hold the account and what its limits and fees are.