Simplifying Global Fund Contribution & Collection for Your Investors with Multi-Currency Accounts

Fund managers lose money every day without realizing it. Every time your international investors convert their native currency to contribute to your fund, banks pocket 1-3% in conversion fees. That’s capital that should be working for you and your investors.

Most fund administrators just accept this as a cost of doing international business. It’s not.

The Hidden Cost That’s Eating Your Returns

Last quarter, a UK-based fund manager I work with discovered they’d effectively sacrificed six figures in potential AUM thanks to currency conversion costs. Their international investors—about 40% of their client base—were getting hammered with conversion spreads by their banks before capital even touched the fund.

This creates real problems:

• Investors get less value for their money
• You start with less capital to deploy
• Your team wastes hours reconciling mismatched amounts
• Statements show confusing entry values
• Your performance needs to overcome this deficit just to break even

What’s crazy is that you already have the client relationship and trust. Yet banks are skimming value that could benefit both you and your investors.

From Money Drain to Competitive Edge

Smart fund managers are flipping this model. Instead of treating currency conversion as an unavoidable headache, they’re turning it into an advantage.

By implementing multi-currency capabilities, they:

• Take contributions directly in investors’ native currencies
• Cut out unnecessary conversion costs
• Preserve more investor capital for actual investment
• Create a smoother investor experience
• Control when and how to convert currencies

A wealth manager who switched to this approach saw international investor contributions jump. Not because the investors changed their strategy—they simply kept more of their capital rather than losing it to conversion costs.

“But We’re Not a Bank”

That’s the first objection I hear. “Sounds great, but we don’t have the infrastructure or licenses to hold client money in multiple currencies.”

That’s where white-label payment technology makes sense. You don’t need to build banking infrastructure or get multiple licenses.

Modern platforms provide:

• Collection accounts in dozens of global currencies
• Branded payment portals for your investors
• Compliance and regulatory support
• Automated reconciliation
• Control over conversion timing

All under your fund’s own branding.

Real Impact on Your Bottom Line

For a fund with substantial international investors, the direct savings from eliminating unnecessary conversions means significant preserved investor capital. That’s capital that works for your investors while generating additional management fees for you.

Beyond direct costs, when international investors see you’ve eliminated a pain point, you become their preferred vehicle for future investments.

Strategic Positioning

Implementing multi-currency capabilities positions your fund as:

• Internationally sophisticated
• Investor-focused
• Operationally efficient
• Technology-forward

This isn’t about changing your investment strategy. It’s about removing friction from the capital contribution process—friction that’s currently benefiting banks at your expense.

While some funds accept conversion costs as inevitable, market leaders are capturing this value to strengthen relationships with their international investors.

How Sciopay Makes This Possible Today

Sciopay’s white-label payment platform solves these exact problems. As a tech-first, regulated supplier, we provide the infrastructure and compliance handling so fund managers can offer branded multi-currency accounts without regulatory headaches or technical complexity.

Your investors send funds in their native currency directly to your branded platform with access to 50+ currencies. You control when conversion happens, getting competitive FX rates rather than the inflated spreads banks charge individual investors. The entire process stays within your brand experience, with all compliance and regulatory requirements handled behind the scenes.

This means no development costs, no licensing issues, and no operational complexity—just a new revenue stream from transactions your clients are already making, available to launch in as little as a day.