Thredd Powers OFX Corporate Card Expansion Across Key Global Markets

Thredd, the leading next-generation global payments processor, today announced the continued growth of its partnership with OFX, the global cards, payments and foreign exchange specialist trusted by over 37,000 SMB and corporate clients worldwide. OFX’s integrated platform unites card issuing, spend management, FX solutions, and payments in one powerful solution, giving businesses total control over their cash flow, expenses, and supplier payments locally and internationally.

Following successful launches in Australia, Canada and Europe, OFX is now expanding into the United States, and select APAC markets. Thredd provides the processing backbone, compliance expertise, and in-market support that enable OFX to deliver secure, scalable physical and virtual corporate card programmes with real-time spend controls, automated expense management, and multi-currency capabilities.

“With a single platform and global reach, Thredd is helping OFX bring powerful, enterprise-grade card programmes to market quickly and compliantly,” said Jim McCarthy, CEO of Thredd. “Our collaboration is proof that expanding internationally can be seamless, especially with the platform, people, and partnerships Thredd brings to the table.”

“The incredible team at Thredd, along with their deep expertise and global infrastructure, has enabled us to launch and rapidly scale our innovative platform, which combines card issuing, spend management, FX, and payments at record speed,” said Jaco Veldsman, Global Head of Non-FX at OFX. “With a single partner supporting our multi-region expansion, we can focus on delivering smarter, more secure, and more connected payment experiences for our clients worldwide.”

In addition to core processing, OFX has adopted Thredd’s fraud transaction monitoring tools. The expanded partnership underscores Thredd’s position as the go-to processing partner for fintechs and embedded finance platforms scaling card programmes and payment services internationally.