Zenbanx to locate operations center in Delaware

WSFS Financial Corp., the parent company of WSFS Bank, has announced the commercial launch of the Zenbanx account following 20 months of extensive research, development and thorough testing. The Zenbanx account is a mobile, multi-currency solution for people who live, work or travel across borders.

The launch of the Zenbanx multi-currency account in the United States is the result of a strategic partnership between Zenbanx and WSFS Bank. At the WSFS Bank headquarters, WSFS Associates, Zenbanx employees and special guests attended the ribbon-cutting ceremony to announce the official launch of the account. During the event, Zenbanx announced it will establish its operations center in Delaware, which will be home to up to 150 jobs created over the next few years.

“I started Zenbanx because I experienced the pain of trying to move money across borders,” said Arkadi Kuhlmann, CEO and founder of Zenbanx. “Whether it's sending money home or exchanging currencies for business or leisure travel, Zenbanx makes living in, working in or visiting different countries easier than ever. The forward-thinking leadership at WSFS made it possible for the Zenbanx account to be available to U.S. consumers, and we are greatly appreciative of their vision and partnership.”

"I am pleased to welcome Arkadi Kuhlmann and his new globally focused company, Zenbanx, to Delaware,” said Sen. Tom Carper. “Zenbanx demonstrates that Delaware’s skilled and talented workforce makes it the perfect incubator for entrepreneurship, innovation and job creation.”

Zenbanx account customers can save up to five currencies from the menu of nine offered (AUD, CAD, EUR, GBP, HKD, INR, JPY, SGD, USD), and exchange and send currencies internationally or domestically for a fair and competitive flat fee, all from the Zenbanx mobile app, or use a global debit card to conveniently access currency positions.  Zenbanx lets customers exchange currencies easily and conveniently, even if it's days, weeks or months ahead of when they need to send money or travel internationally.

“In an increasingly global economy, innovative solutions like those being offered through Zenbanx allow for greater access and flexibility to customers worldwide,” said Gov. Jack Markell. “We’re thrilled they’ve chosen to call Delaware home.”

"Congratulations to Arkadi Kuhlmann, Zenbanx and WSFS on the launch of their new mobile multi-currency product offering," said Sen. Chris Coons. "In today's ever-expanding global community, this unique product provides consumers the perfect complement to make currency exchanges as easy as possible. It is great to have Arkadi back in Delaware."

“Partnering with Zenbanx furthers our commitment to innovation for the customer by working with some of the most talented minds in the banking, payments and financial technology space,” said Mark A. Turner, president and CEO of WSFS Bank. “We are honored to be the bank able to offer this product in the United States. Our partnership with Zenbanx demonstrates how an entrepreneurial financial technology company and a well-regulated bank can work together to fill a void for consumers and ultimately deliver fulfilling jobs and a superior, safe and secure product for our communities.”

To download the Zenbanx app, visit the devices app store. For more information, go to www.zenbanx.com.