One struggle a lot of consumers know all too well is finding the best places to exchange money and get the best bang for the buck. Curren$eek is a mobile application focusing their attention on making this search a lot more convenient, and they won the Asean Fintech Challenge in the process.

Curren$eek Mobile App For Money-changer Rates

Players active in the financial technology industry are exploring all kinds of different options. A lot of consumers – and businesses – are always on the lookout for more convenient ways to

Curren$eek was designed to alleviate all of these problems with their mobile app, which allows users to find the best money-changer rates anywhere in the world. The potential of this application has not gone by unnoticed, as the team won the Asean Fintech Challenge award last week.

According to Curren$eek CEO Hakim Karim, money-changer rates can fluctuate by as much as 20% at any given time. This makes the process of finding the best place to exchange funds quite a hassle, but with the mobile app, users will get an overview of all rates in their particular location. Future plans for this mobile app include a feature to let money-changers bid for the business of users who are looking to exchange a particular currency.

But there is more, as Curren$eek holds the potential to remove the need for carrying cash when dealing with money-changers. By letting users pay from their bank account directly, the process becomes a lot safer for all parties involved, while adding an extra level of convenience for the user. However, this feature hinges on bank participation across various countries, which is a lot easier said than done.

So far, Curren$eek has secured US$150,000 in government grant, and they took home US$3,000 in prize money for winning the Asean Fintech Challenge.Interested parties can download the Curren$eek application from their operating system’s respective App Store, and the app has been downloaded over 7,000 times so far.

Source: Finextra

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