Global payments
Local accounts
Bank challenger that enables corporates to accept and manage bank transfers in foreign markets
Trade without borders
3S Money is an online banking service focusing on international trade. Pay anywhere in the world – below is a full list of supported currencies:
Modern banking
in the City of London
We’re one of the select group of businesses located at Barclay’s Rise, the “home of FinTech”, in the heart of the London FinTech cluster and just a short walk from the City’s financial district.
Our head offices are located at
41 Luke Street, London EC2 4DP.
All our clients’ funds are safeguarded in segregated accounts with top-tier banks. We maintain 100% liquidity.
3S Money is an authorised electronic money institution regulated by the United Kingdom’s Financial Conduct Authority
Business banking
We work with entrepreneurs with global ambition and a proven track record in their industry. An enhanced due diligence assessment applies to all candidates and includes an examination of the company’s business model and main counterparties. A face-to-face interview is a fundamental part of the welcoming and onboarding process.
No chatbots, only humans
Talk to us. A dedicated personal manager is assigned to every 3S Money client. That means there’s always someone who understands the nature of your transactions and your payments don’t get stuck. You will never walk alone.
No robots or chatbots, only human support. Personal manager.
Welcome to the new world of super apps; we don’t plan to stay long.
7
July
We don’t give away many secrets, but here’s how we did it. Here’s some simple steps that we would recommend for those starting out in the sector 🤫
15
June
We are pleased to announce that we are expanding our portfolio of banking partners to include Raiffeisen Bank International A.G. - an Austrian banking group.
27
May
The safety and speed of our clients' transactions are our top priority – with the safeguarding scheme and strong network of correspondent banks, we protect our clients' money.
12
May
A few weeks ago, on top of the London Rise building, Andrei Dikouchine sat down with Mark Walker, Editorial Director for The Fintech Times. It went well if not to say fantastic – two gents clicked immediately and the conversation started to flow. They discussed all things finance and tech: EMIs, Brexit, pandemic, political football, SWIFT machine, UK Fintech scene and a tremendous growth of 3S Money. We decided to extract some fo the best parts from the interview and share it in a text version below:
5
May
We have completed a new funding campaign, giving a business valuation of £40m plus. The Series B £3m round was led by TMT Investments PLC.
21
April
Expanding your business abroad isn’t always an easy way to grow your market; it’s a challenge that brings with it a huge responsibility. Companies involved in cross-border activities often make one mistake in common: they keep forgetting that we live in a multicultural world and entering a new market should involve some serious research. To successfully navigate your way in business, international entrepreneurs must understand the local regulations and culture, including values, concepts and traditions. Surprisingly, many people don’t always realise that even in fast-growing Dubai, the innovative hub of the Middle East, modern ideas walk hand in hand with religion
12
April
At the beginning of March 2021, we launched a new initiative within our company, aiming to help young people to start a career in Fintech and learn about the banking business from more experienced colleagues. The 3S Academy, as we proudly call the program, skyrocketed from the beginning – we received dozens of emails from graduates that indicated their desire to become a part of our star-team
31
March
The UK first went into lockdown on March 16th 2020 – one year on and 3S Money has grown 4.6x times in revenue and expanded the team with 22 new members during that time period, even in spite of the restrictions. Let’s take a look now at the main milestones that we have achieved throughout the year:
16
March
As today marks International Women’s Day, we think this is the perfect opportunity to celebrate and showcase wonderful the women we have working at 3S Money
8
March
Earn as you learn with 3S Money: we are excited to announce the start of the 3S Academy – an apprenticeship program that helps young people to progress in their careers by working closely with a more experienced mentor. 3S Academy is designed to help young minds develop their skills, get hands-on experience of the Fintech industry and work with our fast-growing team
5
March
The new but already trendy 'Fintech & Payments' channel on Clubhouse arranged a live interview with our CEO and founder Ivan Zhiznevskiy yesterday that turned out as an absolute success. The hosts, James Sherwin-Smith and Sophie Guibaud, tried to understand how we have managed to build a corporate bank from scratch but discovered much more in the end:
26
February
In case you missed it: our global IBANs for AED enable businesses to send and receive high-value payments in Dirhams efficiently.
This is obviously of huge benefit to companies that trade frequently with the UAE, allowing them to pay out and receive money in AED and avoid exorbitant transaction fees and exchange rates. Furthermore, it is also an effective solution for expat entrepreneurs based in the UAE who may otherwise struggle dealing with local banks
22
February
A funny story that happened a few days ago during Ivan's business trip to Dubai, involving respectable businessmen from the banking sector and one CEO, who has an effective solution for cross-border B2B
15
February
New year, new challenges, new markets – our CEO Ivan Zhiznevskiy shares his impressions from his Dubai business trip:
"Dubai exceeded all expectations. People and businesses are open to innovation and keen to try FinTech solutions. The UAE first space mission just reached Mars but in the meantime local old-school banks struggle to support quick foreign currency international payments that are vital for a cross-border economy. Dubai as an international trading hub deserves a better business banking solution. Now. 3S Money will change this. Stay tuned."
10
February
Exactly the way Andrei Dikouchine does – with a well-written note and a pinch of British humor. As transparency is one of our key cultural values, we have decided to show a glimpse into 3S Money’s interplay and share the full letter with the public:
3
February
Sending and receiving payments in other countries can be an extremely time-consuming and expensive process, marred by exorbitant exchange rates and transactional fees and constant delays and blockages. Moreover, a lot of banks are simply unwilling to deal with small and medium-sized international businesses.
The solution is to set up a local account in order to receive payments locally and pay out in the local currency. However, that is not always a solution for non-residents as banks are typically averse to the risks of opening bank accounts for foreign nationals. This is where 3S Money is on hand to help.
20
January
At 3S Money we deal with a multitude of entirely clients who struggle to work with high street banks for numerous different reasons. In the article below we have outlined the five most significant of these reasons so that you know what potential blockers might stand in the way of businesses (perhaps even your own):
10
January
Even in the midst of unprecedented difficulties, challenger bank 3S Money has expanded rapidly in 2020 mostly through the unique management approach of two brilliant female leaders: Head of Compliance Alena Kibale and Head of Client Relationship Management department Tetiana Terletska
29
December
This week we are celebrating one year since our Riga office was founded. Look at the picture: the 12 smiley faces say it all.
Our CTO and head of that representative office Eugene Dugaev comments: “We started with just a couple of us here in the office and managed to grow that team 6-fold over the year. I am thankful to be managing such a great team – people are 3s.money’s greatest asset and I can tell that we have absolutely succeeded in uniting the Golden Dozen here in Riga.”
28
November
3S Money has now done a major update of its payment API and this new, upgraded service is now publicly available. This new feature is of especial interest to asset managers and P2P marketplaces
27
October
Are high street banks condemned to partner with FinTechs or die? Can Open Banking save hours of work for customers and compliance officers? Ivan Zhiznevskiy participates in BrightTALK’s ‘Driving FinTech Forward’ webinar series to share his professional opinion.
15
October
3S Money has started to offer its clients local business IBANs in Luxembourg, Germany and Denmark. This has become possible now that we’ve completed our integration with Banking Circle, a fully licensed bank and a next-generation provider of financial services infrastructure.
15
September
Our first comic starring Ivan Zhiznevskiy (CEO), Eugene Dugaev (CTO), Alena Kibale (Head of Compliance) and Tetiana Terletska (Head of Client Relationship Management Department). What could happen to Fintech in the COVID world?
Disclaimer: humour detected!
4
September
180 visionary speakers, 5,000 finance and technology decision makers and 4 days to discuss all the topics that are related to Money. Impossible you say? MoneyNext Summit Online just made it real and we were right there to witness it.
20
August
Fast, automated, user-friendly. Sounds like a dream but we at 3S Money invest a lot of time and energy into making it happen. Working on both fronts – technology and human resources – we intend to create a pleasant compliance journey with improved payment behaviour analysis, data collection and processing.
16
July
In response to increased investor demand London-based bank challenger 3S Money briefly reopened its earlier funding round announced in April and increasing total amount raised to £1.5 million. The achieved result compares favourably to the initial target of £1 million set in February before the challenges of global pandemic emerged. Both legs of the campaign were led by TMT Investments PLC – an early investor in Bolt.
15
July
Recently we asked our community members to take part in some research to help us figure out how people feel about and cope with the payments process. Through the latest LinkedIn feature, we created a poll with four options: compliance, payment limitations, chatbots and user-unfriendly platforms. The opinion poll lasted for a week and then we counted the votes and compiled the results:
12
June
Local Dutch IBANs are now available for our clients – 3S Money's business customers can accept and send out payments using local NL account number. They will benefit from a full range of foreign currencies including USD, CNY, RUB and SGD. Our CTO, Eugene Dugaev, hints some details on this update:
25
May
In no time at all, the whole business world has changed. Our usual routines have been transformed and we have a fundamentally new way of dealing with everyday tasks. Digitisation is prevalent in the vast majority of industries, and Fintech is no exception. But now it’s a necessity, rather than a preference. When the Prime Minister announced on 23rd March that the country was going into lockdown, for UK-based companies this meant a move towards remote-working.
18
May
We are proud to announce that 3S Money has joined Emerging Payments Association EU, a non-profit association of payments industry influencers and professionals whose goals are to strengthen and expand the payments industry. EPA EU is based in Luxembourg, the home country of various companies that we are currently onboarding as business account holders. With commercial presence in Luxembourg and through membership in the EPA EU, 3S Money is now becoming a valuable player in the payments space in the region with great opportunities for growth.
12
May
The largest urban centres in the world are locked down – streets are deserted, cafes are empty, offices are closed. The City of London, where 3S Money’s headquarters are located, is unusually silent. It almost feels like our primary financial districts have retired for the duration of the quarantine… But that’s not entirely true. Our co-founder Andrei Dikuchine has been speculating on the current situation, asking what’s going on in the financial sector right now and what should the Fintech industry expect when these unprecedented times are finally over?
30
April
With 30+ supported currencies and major payment rails like SWIFT, SEPA and ACH, 3S Money offers equal access to banking, no matter where our clients trade. This month we added CNY as a new currency that is now available for both collections and pay-outs. From now on our clients are not only able to execute payments in Chinese yuan but also have possibility to exchange it using live currency desk with the best online rates.
We are working to deliver more Asian currencies and Real-Time Settlement for China, India, Singapore, Vietnam and other Asian markets.
13
April
We are proud to announce that 3S Money raised £665,000 (c.$815,000) in equity round through a private capital markets platform Globacap. Funding campaign was led by TMT Investments PLC and 3S Investments Ltd and was well received by private investors and 3S Money own corporate client base.
8
April
Our fantastic London office at Rise is closed due to quarantine until further notice: our team works remotely but there’s no change to level of service our clients get. We want to express our gratitude to Tony Margiotta and his team for 2 month rent holiday. Stay safe, we hope to see you very soon!
26
March
In times like these, when not only the banking sector or the economy, but the whole world is turned upside down because of the COVID-19 virus, everyone feels the need not just for collective action, but for change. The business community must adapt to circumstances and work as one. Here are some simple solutions we’ve developed to help our clients in this challenging situation:
20
March
The opening of Russian Business Week 2020 took place at the end of last week – we couldn’t have missed it and sent our co-founder, Andrei Dikouchine, to deliver a lecture on innovations in global payment systems.
10
March
Based on Revolut’s recent success with its funding round and the subsequent publicity frenzy in the industry’s media, 3SM’s Non-Executive Director David Parker congratulated our fellow digital bankers with this bodacious comment on the topic:
5
March
In the middle of Q2, we finally made the decision to start a fundraising campaign. Ivan proclaimed, “In the past years we’ve achieved enormous success and now, entering a time of growth, we’re fully ready for it!” The team is in support of this idea. With a fantastic product that has demonstrated exceptional growth, the only wise thing to do is to move forward and scale it.
25
February
Oh time, how it flies! It seems like only yesterday we were arranging a meeting with our very first client, and already weʼre being interviewed about the secrets of our success. A proud member of Barclays' Rise, 3S Money, is sharing a secret about how we are creating the future of the business banking world
12
February
Basic fee schedule
Local collections are free
Monthly fee from
Euro
€
0
Flat fees for any size pay-outs
Euro
€
1.0
Pounds
£
0.6
International
€
25
