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Working with Lerex, XONDER steps into corporate card issuance

Updated: May 16, 2023

Xonder, an established solution provider for merchants , has selected Lerex Technology as a key partner for corporate card issuance.

Xonder makes it easy for companies of all sizes to establish and expand their e-commerce operations and to accept electronic payments. Now, working with Lerex, it plans to expand its service so that merchants can move their money around more easily.

Richard Ney, CEO of Lerex Technology, said: “We are delighted to be working with such a well-established company, and to be co-operating with them in bringing a new, key solution to market.”

Lerex Technology is a payment provider whose services include prepaid cards, digital accounts solutions and access to payment rails such as Faster Payments and SEPA. In addition, Lerex also offers front-end technology; enabling business payments and challenger banks to come to market quickly and easily.

Amir Choudary, CEO of XONDER, said: “We are very pleased to have chosen Lerex as a partner. Through our discussions they continuously demonstrated their flexibility and support in helping us bring our new proposition to market.”

About XONDER

Based in the UK, Xonder is a simple and affordable payment framework built for the internet, connecting payments from all over the world.

Our platform has been designed with developers in mind since we know you'll be the ones installing the software. With simple integration capabilities your eCommerce business could be up and running in as little as 5 minutes.

About Lerex Technology

Lerex Technology was founded as a card company in 2017. In early 2020 the company became a B2B payment solutions provider; supplying full end to end support for corporate clients wishing to go to market with prepaid payment solutions and digital accounts.

Lerex is a great example of a dynamic fintech leading the way in the UK market; using innovation and technology to provide valuable technical infrastructure to new entrants to the payments arena.

Press enquires: Emma Anderson For further info: emma@lerextech.com www.lerextech.com

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E: contact@lerextech.com
T: 020 3422 2223

Lerex Technology
3 Waterhouse Square
138-142 Holborn
London EC1N 2SW

Cards provided to EEA residents are issued by Transact Payments Malta Limited and cards provided to UK residents are issued by Transact Payments Limited pursuant to licences by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission.

Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Your Accounts are provided by Moorwand Ltd. Moorwand is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 [register reference 900709] for the issuing of electronic money. Any communications in relation to the account can be sent to Moorwand Ltd, Fora, 3 Lloyds Avenue, London, EC3N 3DS, United Kingdom. 

* UK Safeguarding Explanation - Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011.

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