Parallel is a UK-based financial technology company that offers solutions for businesses to manage and execute international payments and mitigate foreign exchange risk. Founded to challenge the complexity, high costs, and lack of transparency in traditional banking, the company provides multi-currency accounts, spot FX conversions, and tailored hedging strategies. Parallel combines a proprietary technology platform with dedicated currency specialists to offer a more efficient and cost-effective service for businesses operating globally. The company is authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution.

Founded in

United Kingdom