Airwallex, a global financial platform for modern businesses, has received its Markets in Financial Instruments Directive (MiFID) licence from the Dutch Authority for the Financial Markets (AFM) and will soon launch Airwallex Yield to enable European businesses to generate returns on idle funds.
This important authorisation will enable Airwallex to offer Money Market Funds (MMFs), providing small to medium-sized businesses with direct access to a new way to generate returns on their idle cash – an opportunity that is not typically available through traditional banks.
Shannon Scott, SVP and global head of product at Airwallex, said: “Receiving our MiFID licence is the first step to launching Yield in the Netherlands and will get us one step closer to providing European businesses with a smarter way to make their money work harder.
“Instead of leaving surplus funds idle, companies will soon be able to earn competitive returns – often more than double traditional banks – while keeping full flexibility to access their cash whenever they need it. This is about helping businesses unlock greater value from their capital while navigating today’s economic environment with confidence and agility.”
The key benefits of Yield include:
- ‘Seamless integration’: Businesses will benefit from a smooth and intuitive investment experience, fully integrated into the Airwallex platform for effortless management of their funds.
- ‘No lock-up periods’: Businesses can transfer funds between their cash balance and Yield account at any time to meet their growth needs.
- ‘Multi-currency flexibility’: Businesses can manage and seek returns on balances held in EUR, GBP and USD within their Airwallex account, without the need to open multiple bank accounts.
The flexibility offered by Yield enables businesses to access their funds whenever needed, providing both competitive returns and the operational agility to respond to opportunities or unexpected expenses.
Laurens Maartens, executive director Yield at Airwallex, also commented: “Obtaining our MiFID licence from the AFM is a testament to our dedicated efforts and close collaboration with the Dutch regulators. This significant milestone not only underscores our commitment to compliance and robust financial practices but also paves the way for us to empower European businesses with innovative financial solutions like Yield, helping them to unlock greater value from their capital.”
What’s next?
The imminent launch of Yield in NL follows successful rollouts in Australia, Hong Kong and Singapore, demonstrating Airwallex’s commitment to expanding innovative financial solutions globally. Businesses can find out more about Yield and sign up for the waitlist.
Airwallex recently announced impressive growth in the Netherlands, with a 199 per cent YoY revenue increase driven by a tripling of active customer accounts, key product launches (including NL IBANS, Exact Online integration, and multi-currency settlement) and significant senior hires across risk and regulatory compliance for its new office located in Silicon Canals.
