Home topics start-up-entrepreneur CurrencyVue founder and CEO Matthew Tyrrell Funding | Investment Startup Funding | Investment CurrencyVue’s CEO on the government grant that is helping his FinTech start-up to market James Harkness April 26, 2017 Sydney FinTech start-up CurrencyVue has received financial support from the state government’s job creation agency to develop and test an affordable, easy-to-use foreign exchange (FX) platform for SMEs. The Minimum Viable Product (MVP) grant from Jobs for NSW helped CurrencyVue – a graduate of the BlueChilli accelerator program – cover 15% of its development costs, according to founder and CEO Matthew Tyrrell. He spoke to Dynamic Business (DB) about the company’s cloud-based platform, which integrates with banking and accounting systems to help SMEs manage currency exposure risks, as well as the support provided by Jobs for NSW. DB: How does the CurrencyVue platform work? The platform has native connectors with six of the major mid-market ERP systems. These connectors pull foreign currency denominated purchase orders, invoices and sales orders into the platform’s secure and encrypted databases. This provides users with a real-time view of their FX exposures through a series of dashboards and visual analytics. Users can also make payments and execute hedging directly from the system. DB: What problems does it address for SMEs? Tyrrell: An FX transaction risk exists from the time a purchase order or invoice is raised to when the payment occurs. Over this period, currency market fluctuations alter the underlying cost of these invoices creating cash flow uncertainty and potentially