Save money and eliminate volatility on Foreign Exchange (FX)
Achieve remarkable savings and experience financial security with myCaribou’s Foreign Exchange (FX) solution, a groundbreaking tool that eliminates FX volatility, built specifically for the Medtech industry!
Powered by:
How it works
With myCaribou, you gain real time access to highly competitive FX rates, or the ability to lock in your rate for up to 350 days – no collateral and no minimums required. myCaribou eliminates the risk of future exchange rate volatility and protects your margins.
View & compare myCaribou’s real time FX rates
Select Currency & Amount
Review current & future rates
Exchange now or lock rate for future
I see this as a game changer in our industry as it should enable all partners to fully realize their growth potential.
Jacques Lafon, Former President, Cardinal Health EMEA
This is a next generation solution for the medical industry. A game changer! If you haven’t embraced this innovation, you are letting go of margin!!
Daniel Cloutier, CEO, LOK Corporation
Eliminating FX volatility provides confidence in purchasing decisions and negotiations, allowing more focus on strategic growth initiatives!
Scott Newton, Global Medtech Industry Advisor & Consultant
In medtech, fluctuating currencies shouldn’t be a concern. This solution brings the financial certainty and margin assurance distributors and suppliers need.
Dor Golan, CEO & Co-founder, Grain
Enjoy free access to myCaribou and the only FX solution built specifically for Medtech
Calculate your myCaribou FX rate
Enter your transaction details below to see live rates from myCaribou FX or compare options for future dated rates.
*The displayed spot rates are mid-market values. Live rates within myCaribou may be 30 basis points or more favorable.
Take the risk out of cross-currency payments
Unbeatable Rates
Our global network and industry-specific focus allows us to negotiate the best rates possible and pass these savings onto our users, up to 5%!
Margin Protection
Eliminate margin impacts from currency changes. Lock in highly competitive future exchange rates at the push of a button and protect your bottom line.
Improved Cashflow
Zero collateral and no minimum transaction limits or margin calls.
That means you can keep your cash until The due date and maximize working capital.
Peace of mind
We take risk and security seriously, that’s why we’ve partnered with the largest banks & liquidity partners globally. We shoulder all of the risk so you don’t have to.
Our Winning Formula
We feed predictive intelligence tools with robust data and insights based on our extensive past and present medtech user behavior, creating industry specific risk profiles exclusively for myCaribou, then use our partnerships with leading financial partners and top global banks, to take over currency volatility risk on behalf of our users. Our massive network allows us to negotiate top-tier rates and fees, and pass these incredible savings onto you!
FAQs
myCaribou FX & Payments is free for distributors and there are no hidden fee’s or charges to deposit or withdraw your funds!
There is no commitment, once you have onboarded simply access the tool as needed, no contract term, minimum or collateral required!
You can open a myCaribou FX & Payments business account if your company is registered in one of the countries below:
| Australia | Finland | Lithuania | Singapore |
| Austria | France | Malaysia | Slovakia |
| Belgium | Germany | Mexico | Slovenia |
| Bulgaria | Greece | Netherlands | Spain |
| Canada | Hong Kong | New Zealand | Sweden |
| Chile | Hungary | Norway | Thailand |
| Croatia | Indonesia | Philippines | United Arab Emirates |
| Czechia | Italy | Poland | United Kingdom |
| Denmark | Japan | Portugal | United States |
| Estonia | Latvia | Romania |
Below is a list of all the currencies that you can exchange:
| AED | CNY | INF | SEK |
| ARS | CZK | JPY | SGD |
| AUD | DKK | NOK | THB |
| BGN | EUR | NZD | TRY |
| BRL | GBP | PHP | USD |
| CAD | HKD | PLN | ZAR |
| CHF | HUF | RON | |
| CLP | ILS | SAR |
You can lock rates for up to 350 days and the funds are not due until the settlement date.
No! myCaribou FX and Payments is built specifically for the Medtech industry and does not require any collateral helping users better utilize cashflow and grow their business.
myCaribou has no minimum transaction size requirements and no collateral is needed to book a future rate!
myCaribou will feature a full suite of global payments options to be made direct to your suppliers anywhere in the world in early Q1 of 2024. Until then enjoy free deposits and withdrawals and take advantage of incredible savings and the ability to lock rates for up to 350 days!
Reserve Access now and one of our onboarding specialists will be in touch to select a date and time that best works for you. There are no obligations or fees to use myCaribou FX & Payments.
Have more questions?
