Whenever a transaction was made, One Point Universal co-founder Jack Cui or his colleagues would be called by their bank to personally sanction the transaction. This was proving to be extremely time-consuming and complicated. Worse, their clients weren’t getting their funds in the time that One Point Universal had promised: integrity and transparency are very important to One Point Universal’s founders.
The bank wasn’t nearly flexible enough, it was very old-fashioned, complex, expensive, and slow.
In early 2021 One Point Universal looked for a new partner. They chose Currencycloud.