Currencies Supported
Lower FX Costs vs Traditional Banks
Platform Uptime
Business Users Served
Project Overview
One platform to replace four fragmented business finance tools
FX Wallet is a comprehensive business financial platform built for Canadian SMBs and enterprises that conduct international business. It combines multi-currency payments, real-time foreign exchange, corporate travel expense management, and bill payment automation into a single unified product — eliminating the operational complexity and cost of managing multiple financial tools.
Techxil engineered the complete platform — web application, banking API integrations, FX data feeds, corporate card infrastructure, and the finance dashboard. The result is a production-grade fintech product serving 10,000+ businesses with 99.9% uptime and FX pricing that saves clients up to 50% compared to traditional banks.
The Challenge
Business finance teams were losing money and time to fragmented tools
Companies conducting international business faced a costly, fragmented financial operations landscape. Payments went through one platform, FX through their bank at uncompetitive margins, corporate travel expenses were tracked on spreadsheets, and bill payments required manual bank transfers with no visibility into status. Finance teams spent hours every week reconciling data across disconnected systems — and paying a premium for every cross-border transaction.
The FX Wallet founders saw an opportunity to build what the market lacked: a single, modern business financial platform that consolidated all of these workflows with genuinely competitive FX pricing — comparable to what only large corporates could previously negotiate with their banks.
Key Pain Points
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3–5 separate tools to manage business payments, FX, travel, and bills
Finance teams juggled incompatible platforms with separate logins, different data formats, and manual reconciliation workflows. Month-end close took days longer than necessary, and errors in reconciliation created ongoing accounting headaches.
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Bank FX margins eroding international trade profitability
Traditional bank FX rates carried 2–4% hidden margins on every international payment. For businesses doing significant cross-border volume, this represented tens of thousands of dollars in unnecessary annual costs — a tax on international trade.
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Corporate travel expenses managed through spreadsheets and personal cards
Employees booking travel on personal cards, submitting expense reports, and waiting for reimbursement created cash flow problems, poor spend visibility, and a frustrating employee experience — particularly for frequent travellers.
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No unified treasury dashboard for finance leaders
CFOs and finance directors had no real-time visibility into multi-currency balances, pending payments, or FX exposure. Strategic treasury decisions were being made on stale data pulled from multiple disconnected sources.
The Solution
A unified business finance platform with competitive FX at its core
Techxil designed and built FX Wallet as a modern, multi-currency business financial platform that replaces the fragmented toolset finance teams were cobbling together. Every major business financial workflow — payments, FX conversion, travel expenses, and bill payments — operates through a single dashboard with a shared data model, enabling seamless reconciliation and real-time treasury visibility.
Multi-Currency Payments
Send business payments in 140+ currencies via SWIFT, SEPA, and local payment rails. Each payment shows the exact FX rate, fee, and delivery time before confirmation — complete transparency versus the hidden-margin model of traditional banks. Payment status is tracked in real time from initiation to recipient confirmation.
Real-Time FX Exchange
Live FX rates from institutional liquidity providers are streamed directly into the platform, enabling spot conversions at rates competitive with institutional pricing — typically 50% lower than bank FX margins. Businesses can hold multi-currency balances and convert at the right moment rather than converting on each transaction.
Corporate Travel & Expense
Virtual and physical corporate cards with per-employee spend controls, merchant category restrictions, and real-time transaction notifications. Travel bookings are made directly through the platform, capturing receipts automatically and categorising expenses without manual entry. Month-end reconciliation is a single export, not a multi-day exercise.
Bill Payment Automation
Upload supplier invoices, set payment schedules, and track payment status through the full lifecycle — from approval to delivery confirmation. Automated reconciliation matches payments to invoices and syncs to accounting systems, eliminating the manual overhead that made accounts payable processes so labour-intensive.
Treasury & Finance Dashboard
A unified treasury dashboard gives CFOs and finance directors real-time visibility into multi-currency balances, pending payments, FX exposure, and spend analytics across all categories. Customisable reports export to PDF or integrate with accounting platforms for seamless month-end close.
Business Verification & Compliance
A streamlined KYB (Know Your Business) onboarding flow verifies new business accounts quickly and compliantly. Transaction monitoring and AML screening run automatically on all payments, keeping the platform compliant with Canadian and international financial regulations without adding friction to the user experience.
The Results
10,000+ businesses saving on every cross-border transaction
FX Wallet launched as a complete, production-grade business financial platform — immediately delivering measurable cost savings and operational efficiency gains for its growing base of business customers across Canada.
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50% lower FX costs compared to traditional bank rates
By sourcing FX liquidity from institutional providers rather than applying bank-style margins, FX Wallet consistently delivers rates 50% more competitive than traditional business banking. Clients report savings of tens of thousands of dollars annually on their cross-border payment volumes.
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140+ currencies available across all payment types
The platform covers major global currencies and emerging market corridors across North America, Europe, Asia-Pacific, and Africa — enabling Canadian businesses to pay suppliers and manage treasury positions in virtually any currency they need.
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4-tool stack replaced by a single platform — finance teams reclaim hours weekly
Unifying payments, FX, travel, and bills in one platform with shared data eliminated hours of weekly reconciliation work across finance teams. Month-end close that previously took three days now completes in one, with higher accuracy and zero manual data entry.
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99.9% platform uptime on production infrastructure
Business payments are time-critical operations. The AWS-native infrastructure, with multi-region redundancy and automatic failover, delivers 99.9% uptime — ensuring financial operations are never interrupted by platform downtime.
Technology Stack
Tools & technologies used
"FX Wallet has transformed how our finance team operates. What used to require four separate tools and hours of reconciliation every week is now managed through one clean dashboard. The FX rates are genuinely competitive — we're saving significantly every month compared to our old bank. TechXil built something our clients can't imagine running their business without."
Co-Founder
FX Wallet — fxwallet.ca