The agreement will see TransferMate operate as Tie Break Tens’ Official Foreign Exchange Provider, processing all foreign currency transactions worldwide.
The Tie Break Tens series, which is comprised solely of exciting ten-point tie-breaks, sees world-class players going head to head in fast-paced, action-packed knock out tournaments at prestigious venues around the globe. In every Tie Break Tens event, competitors battle it out for huge winner-takes-all prizes of $250,000. So far, the Tie Break Tens series has visited London, Vienna and Madrid.
TransferMate Co-Founder and Group CFO, Sinead Fitzmaurice said:
TransferMate is thrilled to announce its partnership with Tie Break Tens. We are excited that, as a growing series, they have chosen us to process their foreign currency payments and collections, not only in the US but globally. I am confident that TransferMate’s secure end-to-end international payment solution, utilizing our global banking network, will be of huge benefit to Tie Break Tens and wish them every success in their expansion plans.
Tie Break Tens CEO Felicity Barnard added:
We’re very pleased to welcome TransferMate as our new Official Foreign Exchange Provider. TransferMate is an innovative and forward-thinking organisation that is the perfect complement to Tie Break Tens which is actively promoting and developing a brand new and innovative sports format.
As we expand our events schedule to more and more destinations across the globe, it’s going to be ever more important for us to have a cost-effective payment solution in place for all our transactions worldwide.
TransferMate provide award-winning cross-border solutions and applications, creating genuine levels of disruption in the international Fin-tech industry. The company has in excess of 6,000 corporate clients in over 50 countries and a growing following of end-users using its payments platform via seamless integration with the world’s leading accounting software packages. To date, $10 billion has been sent through TransferMate’s business payments infrastructure to over 100 countries.
TransferMate Global Payments offer the smartest solution for businesses worldwide to both send and receive international payments. Using our online platform and global banking infrastructure, we virtually eliminate the cost of sending international business payments by collecting and sending payments using our own banking network. Our client’s benefit from better exchange rates, lower bank transfer fees and direct integration into their back end accounting systems. TransferMate is becoming the provider of choice due to its ongoing investment and focus on products and regulation. TransferMate’s mission is to connect businesses across the world when sending and receiving international payments and disconnect the slow fee levying banks in the middle.
About Tie Break Tens
Tie Break Tens is a quick-fire version of tennis that anyone can play. Tie Break Tens is exciting – and a great way to enjoy a lot of tennis in a short amount of time. Unlike conventional tennis matches, Tie Break Tens matches are comprised solely of tie-breaks – no games, no sets, just exhilarating ten-point tie breaks in which every point counts.
The Tie Break Tens series sees world-class players going head to head in fast-paced, action-packed knock out tournaments at prestigious venues around the globe. Each Tie Break Tens tournament lasts three hours with eight players battling it out for winner-takes-all prizes of $250,000 each. So far, the Tie Break Tens series has visited London, Vienna and Madrid with several new destinations planned for 2018; details for next year’s events will be announced shortly.
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