How Many Currencies Can You Send and Receive with Venn?

Running a modern business almost always means moving money across borders. Paying overseas contractors, settling supplier invoices, funding international subsidiaries, or sending customer refunds in local currency is no longer a “global company” problem. It’s a standard operating requirement for Canadian SMBs.

Venn is built with that reality in mind.

Today, businesses on Venn can send money in 33 different currencies worldwide, while receiving funds in four core currencies: CAD, USD, GBP, and EUR. That structure gives teams the flexibility to pay globally without turning their financial stack into a patchwork of tools, FX workarounds, and reconciliation headaches.

The Two Sides of Multi-Currency Money Movement

It helps to separate global payments into two distinct jobs:

- Receiving money into your business

- Sending money out to the rest of the world

Venn is intentionally designed to handle both, but in different ways.

Receiving Funds: Keep It Clean And Local

Venn supports four receiving currencies:

• Canadian Dollar (CAD)
• US Dollar (USD)
• British Pound Sterling (GBP)
• Euro (EUR)
  

Each of these currencies comes with its own dedicated account details and local rails, so incoming funds arrive in the currency they were sent in, without forced conversion.

That means:

• CAD via Interac e-Transfer Auto Deposit, EFT, or Wire (SWIFT)
• USD via ACH, Fedwire, or Wire (SWIFT)
• GBP via UK Faster Payments or Wire (SWIFT)
• EUR via SEPA or Wire (SWIFT)

For most Canadian businesses, these four currencies cover the majority of inbound use cases: domestic revenue, U.S. customers, European clients, and UK-based partners.

Sending Funds: Where Global Flexibility Matters

On the outbound side, Venn supports 33 currencies for conversion and international bank transfers. This is where global operations really open up.

This allows finance teams to pay vendors and partners in their local currency, instead of defaulting to USD wires or forcing recipients to handle FX themselves.

Why Venn Separates “Receive” And “Send” Currencies

Some platforms advertise dozens of “supported currencies” without clarifying how they actually work. Often, that means FX-only balances with no real receiving capability, or pooled accounts that complicate reconciliation.

We took a more operational approach:

• Receiving currencies are limited and structured so funds arrive cleanly, predictably, and compliantly.
• Sending currencies are broad so businesses can pay globally without friction.

This separation reduces complexity where it matters most: incoming revenue, payroll funding, and cash forecasting. At the same time, it gives teams the flexibility they need to operate internationally.

This setup maps closely to how Canadian businesses actually operate:

1. Startups with global teams

Private AI uses Venn to move money across North America, Europe, and APAC without rebuilding their finance stack every time the team scales.

2. Creator platforms with cross-border operations

Stan runs teams in Toronto and LA with contractors worldwide, and Venn keeps multi-currency payouts and invoicing from becoming an ops headache.

3. Retail businesses with overseas suppliers

Haydn’s Açaí uses Venn to pay international suppliers while keeping daily spend simple enough to manage solo.

Instead of opening foreign bank accounts or juggling multiple platforms, teams can handle these flows from a single financial system.

FX Without The Operational Mess

Because Venn combines multi-currency accounts, FX conversion, and payments in one place, finance teams avoid several common problems:

• Manually converting funds before sending payments
• Tracking FX rates across multiple tools
• Reconciling international wires with limited context
• Explaining unexplained FX losses to leadership

Funds stay visible, traceable, and auditable from the moment they enter the account to the moment they leave.

A practical way to think about currency strategy

If you’re structuring your business around Venn, a simple rule of thumb helps:

• Receive in the currencies you operate in most
• Send in the currencies your partners prefer

That approach minimizes conversion churn, keeps cash forecasting clean, and reduces friction on both sides of the transaction. You don’t need 33 receiving accounts to run a global business. You need a few strong anchors and the ability to move money out efficiently when it matters. Whether you’re paying a contractor in India, a supplier in Europe, or a partner in the Middle East, you can move money where it needs to go, in the currency that makes sense, without losing control of your cash.

That’s exactly how Venn is designed. Try it out today!

Frequently Asked Questions (FAQ)

Q: Why can I receive funds in fewer currencies than I can send?

A: Venn supports receiving funds into CAD, USD, GBP, and EUR accounts using local rails and wires. Outbound payments support a wider set of currencies because they use conversion and international transfer networks to reach more destinations.

Q: Do I need to open a separate account for each currency I receive?

A: No. Venn provides dedicated CAD, USD, GBP, and EUR accounts within your dashboard. Each currency has its own account details for receiving funds, but everything is managed in one place.

Q: Can I convert received funds before sending them out internationally?

A: Yes. Funds received into your Venn account can be converted between supported currencies and then sent out using international payment rails.

Q: Do senders need to know anything special to pay me correctly?

A: Yes. Senders must use the correct payment rail for the account details you share. Using the wrong method (for example, sending a wire instead of EFT or ACH) can cause the transfer to fail or be delayed.

_{This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Venn Software Inc or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.}