SMEs
Do business
wherever you want.
Open and manage balances in major currencies from a single account. Receive, hold, swap, and pay your business partners in every market.
We like the rules, they keep
your money yours… and safe.
Foren is FCA authorised in the UK, and FINTRAC registered in Canada.
FCA Authorised (UK)
Your money is held in a safeguarded account, separate from Foren's own funds. It isn't lent out, and it isn't collateral.
FINTRAC Registered (Canada)
Every transfer is screened against anti-money-laundering rules, so the money moving through Foren is clean, traceable, and above board, including yours.
ISO 27001 and PCI DSS
We go through outside audits every year. ISO 27001 covers how we manage information security; PCI DSS governs how card data is handled.
Scale your global payments
with global accounts.
Global payments and accounts without complexity
Multi-currency accounts and global transfers for businesses and individuals that operate across more than one market.
Teams & Access
Give each person exactly the access their role needs. So business funds only ever move through the right hands.
Payment links
Give users a way to collect before they have built a checkout. Create links through the API, or let them make their own from your dashboard, under your brand, on our rails.
Always on.
Everywhere we are.
Move money across 40 corridors. 98% uptime over the last 90 days.
When one route slows, payments reroute automatically
One platform.
Used Differently.
One platform
used differently.
See how Foren can match your business needs.
Fintechs
Ecommerce
Financial Institutions
Freelancers
SMBs
Diaspora
Global accounts for your users
One operating account for USD, EUR, GBP and NGN. The team stopped juggling providers and started shipping payments.
Read moreFreelancers and remote workers
Take your skills global and get paid in any currency. Receive, hold, and swap your money, all from one account.
We care for you by
keeping your account safe.
Your money is held separate from ours, watched in real time, and checked by outside auditors
24/7 support, from real people. Reach us by phone or online
any hour, wherever you are.
Real time fraud detectionReal time fraud detection
Every transaction is checked the moment it happens. Most clear before you'd even notice
Two step verificationTwo step verification
Two-step transaction approval ensures every critical action is independently reviewed before execution.
Safeguarded and separateSafeguarded and separate
Your money is held with regulated financial institutions, in an account kept separate from Foren's own.
Funds held in your FOREN account are safeguarded in accordance with the Electronic Money Regulations 2011. Your money is held separately from FOREN's operational funds and is not used for any other purpose. FOREN's infrastructure is built on Mastercard, Visa, ClearBank, Zenus Bank, Interac, and Stripe. These are not affiliations. They are the rails your money moves on.
Foren Business FAQs
Who can open a Foren Business account?
Foren currently onboards sole traders, limited companies and payment service providers (PSPs) registered or operating in the United Kingdom, Canada and Nigeria, subject to our eligibility and verification requirements.
Your business must have been operating for at least six months to be eligible.
Are there businesses or industries that Foren does not support?
Yes. Certain businesses and industries are not eligible for a Foren Business account. If you are unsure whether your business is eligible, contact our support team at help@foren.co before applying.
How do I start onboarding my business?
Sign up through http://app.foren.co/ and follow the prompts to register your business and complete the onboarding process.
Can I open a business account if I already have a personal Foren account?
Yes. You can have both a personal and a business account, provided you meet the requirements for each account.
Your personal and business accounts remain separate.
Can I open an account if my business is less than six months old?
Your business will generally need at least six months of operating history to be eligible for a Foren Business account. However, exceptions may apply based on your business type and circumstances.
If your business is less than six months old, you may still apply, and our team will assess your eligibility during the onboarding process.
What documents do I need to onboard my business?
You'll need to provide your business registration documents, valid identification for the relevant directors and beneficial owners, and any other information required during onboarding.
The exact requirements depend on where your business is registered:
- Nigeria: CAC certificate and status report
- United Kingdom: Companies House registration
- Canada: Articles of incorporation or business registration
- Kenya: Certificate of Incorporation
You will also be asked to provide proof of business address and a brief description of your business activities.
Who needs to be verified?
We verify the business, its directors, and its beneficial owners. Beneficial owners who hold 25% or more of the business will need to provide the required identification and address documents.
Start building with Foren.
We guide onboarding end to end so you go live without guesswork.
