Genome

What is Genome and what do they do?

Genome is a financial technology company that provides a range of banking and payment services, primarily designed for businesses and individuals looking for efficient financial solutions. Founded in 2018, Genome operates as a payment institution and is regulated by authorities in Lithuania. Its core offerings include multi-currency accounts, payment processing, and cross-border transactions, aiming to simplify and enhance the way users manage their finances.

The main services offered by Genome include:

• Multi-currency accounts: Allowing users to hold, manage, and convert multiple currencies within a single account.
• Payment processing: Providing tools for businesses to accept payments from customers through various channels, including cards and bank transfers.
• International transfers: Facilitating seamless cross-border transactions.
• Virtual and physical cards: Offering users the ability to carry out transactions worldwide.
• API for developers: Enabling businesses to integrate Genome's services into their existing systems.

Who is it for?

Genome’s services cater to a diverse clientele, including startups, small and medium-sized enterprises (SMEs), digital merchants, and e-commerce businesses. Its offerings are particularly relevant for companies seeking to streamline their payment processes and reduce the complexity of cross-border transactions. While Genome operates primarily in Europe, its services can be applicable to businesses engaging in international trade.

Why do businesses choose Genome?

Businesses opt for Genome due to its verified strengths and benefits that cater to various financial needs. These include:

• Cost-effective solutions: Genome prides itself on competitive pricing, particularly for cross-border transactions, which helps businesses save on fees.
• User-friendly interface: The platform is designed for ease of use, allowing businesses to manage their payments and accounts efficiently.
• Quick setup: Genome offers a straightforward onboarding process, getting businesses up and running with their financial services quickly.
• Currency flexibility: Users can hold and operate accounts in multiple currencies, simplifying transactions in various markets.
• Robust security measures: Genome implements industry-standard security protocols to ensure the safety and integrity of financial transactions.
• Comprehensive support: The company provides dedicated customer support to assist businesses in resolving issues and optimizing their use of the service.

Businesses using Corefy can simply obtain a MID from Genome and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is Genome trustworthy?

Genome is licensed as a payment institution and operates under the supervision of the Bank of Lithuania. This regulatory oversight ensures compliance with stringent financial regulations, enhancing the level of trustworthiness associated with its services. Additionally, Genome employs advanced security measures, including encryption and compliance with data protection regulations, to safeguard user information and transactions. These steps reinforce the reliability and integrity of its offerings for businesses and individuals alike.