Thredd, a global payments processor, and OFX, a specialist in global payments and foreign exchange, have announced the expansion of their partnership, enabling OFX to launch its integrated card issuing and spend management platform in the United States and select Asia-Pacific markets. The expansion builds on successful launches in Australia, Canada, and Europe. Thredd, known for processing billions of debit, prepaid, and credit transactions annually for fintechs and digital banks across 47 countries, supports OFX in bringing powerful, enterprise-grade card programs to market quickly and compliantly.
OFX’s integrated platform unites card issuing, spend management, FX solutions, and payments into a single solution. This allows businesses to manage cash flow, expenses, and supplier payments both locally and internationally. Thredd provides the processing backbone, compliance expertise, and in-market support necessary for OFX to deliver secure, scalable physical and virtual corporate card programs, complete with real-time spend controls, automated expense management, and multi-currency capabilities.
Jim McCarthy, CEO of Thredd, stated, “Our collaboration is proof that expanding internationally can be seamless, especially with the platform, people, and partnerships Thredd brings to the table.” Jaco Veldsman, Global Head of Non-FX at OFX, added, “The incredible team at Thredd, along with their deep expertise and global infrastructure, has enabled us to launch and rapidly scale our innovative platform, which combines card issuing, spend management, FX, and payments at record speed.”
OFX has also incorporated Thredd’s fraud transaction monitoring tools as part of this extended collaboration, further enhancing the security of its offerings. This partnership reinforces Thredd’s position as a processing partner for fintechs and embedded finance platforms seeking to scale card programs and payment services internationally. OFX serves over 37,000 SMB and corporate clients worldwide, utilizing its platform to move money securely and efficiently across borders.
