Quid
Quid Global is a London-based fintech offering a single-sign-on digital ecosystem that bundles New Zealand company incorporation with a multi-currency global wallet (EUR, GBP, USD, CHF, AUD, NZD), targeted at early-stage entrepreneurs, consultants, accountants, and SMEs needing cross-border company setup and payments.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Quid does
Quid Global is a London-based, privately held fintech operating a single-sign-on digital ecosystem that bundles company formation, multi-currency payments, and ancillary business services for early-stage entrepreneurs, consultants, accountants, and SMEs. The flagship products are an NZ-incorporation service (NZ Limited company registration with IRD/GST, registered-office, and nominee-director add-ons) and a Multi-currency Global Wallet supporting EUR, GBP, USD, CHF, AUD, and NZD with local account details (IBAN, sort code, account number) and SWIFT international payment capability. The wallet is powered by Currencycloud, a Visa solution, via integration announced in November 2022; company formation is delivered through a direct API integration with the New Zealand Companies Office that the company states enables registration in under 10 minutes.
The product architecture is API-led rather than AI-led: document reuse across modules reduces onboarding friction, and the platform is delivered as a self-serve web application (app.quidglobal.com) and mobile app with 24/7 dashboard access. The group operates through a multi-jurisdiction legal structure — Ephelia US PS LLC (Delaware/NY), Ephelia UK EMD LTD, Ephelia SwissTech SA, and Ephelia NZ PS Limited — supported by offices in London, New York, Zurich, Auckland, Milan, and Dublin. Regulatory coverage includes UK FCA (EMD agent of Currencycloud), Swiss FINMA, US FinCEN (Wyoming MSB), and NZ FSP (FSP732651).
Revenue is generated through a hybrid model: one-time incorporation fees (Basic NZ package at $143.75 + 15% GST = $165.31), annual subscriptions for Registered Office and Nominee Director services, and transaction-based fees on Global Wallet currency conversion and international payments. The go-to-market is product-led growth — digital content marketing, SEO-optimized use-case pages for startups/accountants/consultants, and self-serve registration with no minimum human touchpoint. The company was founded in 2020 by Franco Mignemi (also identified as the ecosystem founder) alongside co-founders with payments, asset management, and venture capital backgrounds; Simon Byrne serves as Managing Director. The platform has no disclosed external funding rounds and no named enterprise customers, signaling an early-stage, long-tail customer base.
Quid firmographics
Firmographics- Name
- Quid
- Legal name
- Ephelia US PS LLC
- Website
- https://quidglobal.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Quid Global is a London-based fintech offering a single-sign-on digital ecosystem that bundles New Zealand company incorporation with a multi-currency global wallet (EUR, GBP, USD, CHF, AUD, NZD), targeted at early-stage entrepreneurs, consultants, accountants, and SMEs needing cross-border company setup and payments.
- Ownership category
- akta.pro rank
Quid industry classification
Industry- Product category
- Business Banking Platform
- NAICS
- Software Publishers (5132)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)
- akta.pro secondary industries
- International / Multi-Currency Wallets (FSAMAEAL), Cross-Border & FX Payments Platforms (BPAMAFAK), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Quid is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices8 records
Markets served
Quid business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Company Formation Services: One-time fees for company incorporation packages including basic NZ company formation with certificate and NZBN
- Registered Office Address Service: Annual renewal fee for registered address service for companies
- Nominee Director Service: Annual renewal fee for resident nominee director service for non-resident directors
- Global Wallet Services: Multi-currency wallet fees for currency conversion, international payments, and account management
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Basic package for NZ Company Formation |
| Subscription | Annual | Advance package |
| Subscription | Annual | Ultimate package |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Quid product offering
Product offeringCore offering
Quid Global operates an integrated digital ecosystem that combines New Zealand company incorporation services with a multi-currency global wallet for entrepreneurs, startups, consultants, accountants, and SMEs. The platform enables users to register a New Zealand limited company, open multi-currency wallets in EUR, GBP, USD, CHF, AUD, and NZD, send and receive international payments, and add ancillary services such as IRD/GST registration, registered office address, and nominee director. All services are accessible through a single sign-on dashboard with document reuse to streamline onboarding.
Product overview
Quid is a single-sign-on digital ecosystem providing integrated business and payment tools for SMEs. The core platform consists of Company Formation (NZ limited company incorporation) and the Multi-currency Global Wallet (supporting EUR, GBP, USD, CHF, AUD, and NZD currencies), which are fully integrated on one dashboard. Additional services include IRD/GST tax registration, registered office address service, nominee director service, integrated accounting software, and business templates. All products share a single sign-on with document reuse to reduce onboarding time.
Differentiator
Problem solved
Functional benefit
Products and services
- Company Formation Online incorporation service for New Zealand limited companies, with API integration to the NZ Companies Office enabling registration in under 10 minutes, plus optional IRD and GST registration.
- Multi-currency Global Wallet Multi-currency digital wallet enabling businesses to send, receive, and convert funds across six currencies (EUR, GBP, USD, CHF, AUD, NZD) with local payment details (IBAN, sort code, account number) and international SWIFT capabilities across 180+ countries.
- Registered Office Address Service Provides a physical New Zealand registered office address for companies that need to keep residential addresses private or require a local address for expansion. Sold on an annual renewal basis.
- Resident (Nominee) Director Service Appoints a qualified New Zealand-based director for companies requiring a resident director for NZ incorporation compliance. Sold on an annual renewal basis.
- IRD and GST Registration Tax registration service offered with NZ Company Formation, enabling users to receive their IRD number and GST registration through Inland Revenue.
Quantifiable outcome
- Company registration in approximately 4-5 hours (subject to package and Companies Office workload)
- +3 more outcomes
Companies that use Quid
Customer profileSegments5 records
Ideal customer profiles5 records
Quid technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Quid partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CurrencycloudcoreCurrencycloud, a Visa solution and expert in simplifying multi-currency business payments, partnered with Quid Global to launch Quid's global wallet supporting international business development. The integration provides SMEs with multi-currency wallet functionality converting between EUR, GBP, USD, CHF, AUD and NZD currencies. Currencycloud's technology enables Quid to scale globally, expand currency accounts, and process international payments. Quid can open multi-currency accounts with local and international details and enable international payments within 24 hours.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Quid competitors and assessment
Company assessmentDirect peers
- Statrys: Statrys provides multi-currency business accounts in Hong Kong and Singapore focused on SMEs doing cross-border business in Asia — comparable to Quid's positioning as a multi-currency wallet for international entrepreneurs and consultants, albeit Asia-centric.
- Revolut Business: Revolut Business provides multi-currency business accounts, international payments, and expense tools to SMEs and freelancers — the same use cases Quid addresses with its Global Wallet. Both compete for international entrepreneurs and small businesses needing cross-border treasury.
- Wise (formerly TransferWise): Wise offers multi-currency business accounts and cross-border payments across dozens of currencies, directly overlapping Quid's Global Wallet value proposition for SMEs and entrepreneurs. Both target cross-border SMB treasury and FX, though Wise is far larger and broader in jurisdiction coverage.
- Airwallex: Airwallex offers multi-currency business accounts, international payments and FX for SMEs and digital businesses — overlapping Quid's Global Wallet, corporate cards and cross-border payment use cases with broader geographic and product coverage.
- Mercury: Mercury provides US business banking for startups and SMBs with multi-currency support and integrations, directly competing with Quid's Global Wallet for tech-enabled founders and SMEs managing cross-border operations.
- Stripe Atlas: Stripe Atlas combines company formation (US Delaware C-Corp), a business bank account, and integrated payments — the closest direct analogue to Quid's 'incorporation + multi-currency wallet' bundle for early-stage founders.
- Firstbase.io: Firstbase.io streamlines US company formation (Delaware LLC/C-Corp), EIN, and banking setup for international founders — directly comparable to Quid's company-formation-plus-business-tools thesis, although focused on US rather than NZ jurisdiction.
Emerging players
- Lili: Lili offers business banking, accounting and tax tools targeting freelancers, solo entrepreneurs and small businesses — closely aligned with Quid's accountant/consultant/founder segments and integrated accounting add-on roadmap.
Broad incumbents
- Banking Circle: Banking Circle provides multi-currency accounts and cross-border payment infrastructure used by fintechs and payment providers — comparable to Quid at the infrastructure layer (similar to Currencycloud's positioning) for businesses needing multi-currency wallets.
- Payoneer: Payoneer offers multi-currency receiving accounts, international payments and working capital for SMBs, freelancers and marketplaces — overlapping Quid's Global Wallet and cross-border payment value proposition for entrepreneurs and consultants at greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Quid social profiles
Digital presenceQuid compliance and trust
Trust signalCompliance3 records
Quid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quid leadership team
Management profileNumber of profiles
Profiles2 records
Quid subsidiaries and ownership
Company hierarchySubsidiaries4 records
Quid funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quid
What does Quid do?
Quid Global operates an integrated digital ecosystem that combines New Zealand company incorporation services with a multi-currency global wallet for entrepreneurs, startups, consultants, accountants, and SMEs. The platform enables users to register a New Zealand limited company, open multi-currency wallets in EUR, GBP, USD, CHF, AUD, and NZD, send and receive international payments, and add ancillary services such as IRD/GST registration, registered office address, and nominee director. All services are accessible through a single sign-on dashboard with document reuse to streamline onboarding.
Is Quid a public or private company?
Quid is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Quid founded?
Quid was founded in 2020. It employs 1 to 10 people.
Where is Quid based?
Quid is headquartered in London, United Kingdom, in the Europe region.
How does Quid make money?
Four revenue lines are on record. Company Formation Services are the primary driver. The others are registered Office Address Service, nominee Director Service and global Wallet Services.
Who are Quid's main competitors?
Direct peers on record are Statrys, Revolut Business, Wise (formerly TransferWise), Airwallex, Mercury, Stripe Atlas and Firstbase.io. Lili is listed as an emerging player. Broad incumbents are Banking Circle and Payoneer.
Does Quid have an API?
No public API is recorded for Quid.
What industry is Quid in?
Quid's product category is Business Banking Platform. Its primary akta.pro industry code is FSAGAKAF, Multi-Currency Accounts, Wallets & FX Management (Consumer/SME), with a secondary code of FSAMAEAL, International / Multi-Currency Wallets. Its NAICS code is 5132 and its SIC code is 6199.