Airwallex vs Fyorin
Compare Fyorin and Airwallex based on the access to global currencies to send, receive, hold and exchange funds, multi-currency card features and treasury operations, as well as other benefits.
Revolut vs Fyorin Feature Comparison
Global wallet | ||
Domestic payment routes | ||
Dedicated account | ||
Automated payables | ||
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Virtual cards | ||
Cash rebate on virtual card spend | ||
Connect existing bank accounts | ||
Accounting tool integration | * | |
Unified Treasury management across different financial institutions | ||
Diversification of liquidity risk | ||
API capabilities | ||
Management of different entities under the same group from one portal | ||
Airwallex is a financial platform providing payments and API solutions to global SMEs across various industries like e-commerce, retail, tech, and professional services. As an Electronic Money Institution (EMI), Airwallex offers international payment and checkout solutions, corporate cards as part of their expense management, and integrations with banks and ERPs.
In contrast, Fyorin is a comprehensive financial operations platform that goes beyond just payments. Fyorin provides a unified solution for managing global treasury, automated accounts payable and receivable, and cross-border payments across 100+ currencies and 200 countries through an extensive network of financial institutions.
Unified Multi-Bank Operations
Unlike Airwallex as an EMI, Fyorin operates as a technology provider that partners with a network of financial institutions. This allows Fyorin's clients to open bank accounts in multiple currencies and jurisdictions while keeping their funds safe, allowing them to diversify their liquidity risk, reduce the banking fees and time spent on managing various bank relationships. Additionally, Fyorin's platform enables businesses to connect all their pre-existing bank accounts for a full visibility of their global cash position.
Comprehensive Financial Operations
A key differentiator is Fyorin's complete suite of financial operations, including automated accounts receivable and payables functionality with integrated accounting. While Airwallex offers automated payables, they primarily focus on payments and lack dedicated AR solutions.
Advanced Integrations and Automation
Fyorin offers seamless connectivity with major ERP and accounting systems like Microsoft Dynamics 365, NetSuite, Xero, Zoho Books, Sage and QuickBooks, enabling deeper financial operations automation. Airwallex's lack some of the integrations in their offering - namely ZohoBooks and Microsoft Dynamics. The lower-tier plans have access to only Xero.
Expense Management and Cards
Both platforms offer expense management and corporate virtual and plastic cards, but Fyorin provides higher initial card limits (€250,000+) and cash-back rewards without tier restrictions. Airwallex limits the number of cards to 50 overall and lacks the cash-back feature.
Why Choose Fyorin as an Airwallex Alternative?
