Sending money abroad appears to be expensive. The truth is that converting money is much more expensive than sending it. Some banks will tell you that their traditional currency conversions are zero-commission, or that you convert at a wonderful exchange rate. It’s simply not accurate. They add a markup to the exchange rate – which means you could be paying 1 to 2% more than you should. Banks see your money as a delicious cookie – they just can’t resist taking a bite, or two. It could be the fee, or the commission, and if it’s not those – the hidden charge is in the exchange rate.
Currenge is different. We are on a mission to make money conversion fair. For us currency exchange is as much about you as about numbers. By using the exchange rate prevailing in trading rooms – you get access to the same currency rates – as the biggest companies get. You pay an extremely low fee, which is clearly specified upfront. Moreover, Currenge founder’s vision is to place a conversion App on Banking Platforms offered by innovative banks.
Our service is smarter than the old-world banking system, and completely transparent. Now you can make things you want to happen – happen. Currenge has a bank account in Israel – so you can send and receive money easily. For example, if you want to convert Shekels to Dollars, simply fill a conversion form and pay in your Shekels to Currenge’s account. Then, Currenge’s converts the Shekels and sends Dollars to the recipient. We have shaken up the old system and are changing how money is converted. Just as WhatsApp brought down the cost of texting, and Uber lets us commute for less. It’s easy, fast, with high level security. And we have some nice people for you to talk to in case you have any questions. For us currency is as much about people as numbers. So, there you have it – no tricks, no hidden charges. Just money converted as it should be.
Ehud Ziegelman is the founder and CEO of Currenge, as well as Chairman of its Board of Directors. An entrepreneur from an early age, Ziegelman founded Currenge with its groundbreaking conversion service. This company began from a personal pain and now expands to create a new economy for thousands of people around the world. Ziegelman is involved in crafting the company culture, shaping the design aesthetics, and innovating future growth opportunities. He has more than a decade of business consulting experience in which he has helped investors perform due-diligence of target companies, and helped CEOs learn about their markets via market research. Prior to that, his lifelong attraction to numbers and solving complicated calculations brought Ehud to work as a CPA at Deloitte USA in the Financial Service Industry, at EY Israel Business Risk Services and in the Israeli Treasury Department, where he was chosen to be sponsored for an MA at the Tel-Aviv Berglas School of Economics. Ziegelman was a teaching assistant at the Tel-Aviv University Coller School of Management for about a decade.
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