Show HN: 99% cheaper international business transfers – fixed fee, real rate

Assuming transfers only between bank accounts, so sending/receiving institution done the KYC, fully electronic transactions, and contract non-repudiation, very little can go wrong

I've been using Wise for years and am generally happy with them, but always keeping an eye out for alternatives. Why I didn't find this convincing

- Have to download app - wise lets me use a website too, and generally I want to do business banking from my laptop, not my phone

- No actual price comparisons and 99% seems unlikely. Wise also gives me the 'google exchange rate'. If you are actually cheaper, then I would show comparisons for €100, €1000, €10000, not just 'a million euro'.

- Make it clearer that you're available in the EU - I nearly closed the site thinking it was only for UK as it defaulted to GBP.

- Have a 'wall of text' version in the header - the landing page is light on details, and I don't assume I'll find more information on "News", "Blog" or "Help" - maybe a "Features" or "Offerings" header page where you go into a lot more detail (countries you're available in, currencies you offer, documents needed to sign up, full table of all fees (not the marketing version), timelines for opening an account, timelines for making transfers, etc etc)

>at the current exchange rate

Which one exactly?

Because there is - potentially - a lot of money involved and I like to do that sort of thing on an environment that I control. No smartphone here so the web is all I have. Money transmitters are operating in a heavily regulated domain and KYC/AML requirements are going to dominate the discussion, any operator that wishes to be taken serious should list up front what they are going to require and why as well as to state clearly who they are (physical location, names of execs) rather than to post from anonymous low karma accounts with urgent calls to action. Also: inside the EU money transfers are already fast and with minimal costs, I use these daily and any claims of improvement should be backed up with proof. 99% seems very strange as a claim without a comparison matrix listing prices. My immediate concern is that if their claims are true that they must have some other way of making money of the transactions that is not disclosed.

A mobile app for business seems weird to me. Why use a tiny phone when you have a laptop or desktop PC with a large screen and a proper keyboard? And the accounting software is usually installed on a desktop.

There are lot of people who don't have a laptop, but they probably are not the ones who is going to transfer "up to $1M" internationally.

Also, using a smartphone is not secure (no 2FA).