Lesslie Technologies AB is a Payment Institution regulated by the Swedish Financial Supervisory Authority (Finansinspektionen). Lesslie is a payment service that simplifies cross-border payments and reduces associated costs. By streamlining administrative accounting processes and reducing banking fees, Lesslie makes international payments easy and affordable for businesses of all sizes.

Lesslie was founded in Stockholm in 2020 by Gunnar Rytterling and Oscar Viken, both with backgrounds in banking and payments (Nordea & Klarna). Their vision was to integrate corporate banking services with ERP, business systems, and tax accounts, rather than relying on traditional internet banks. This led to the creation of Lesslie - “Your international business partner”. Overall, Lesslie provides a secure and reliable solution for companies managing cross-border payments, with a focus on simplicity, affordability, and efficiency.

If you have a business with international payments and you want to simplify and lower your corss-border payments with 30-50%, then the answer is yes, Lesslie is the right choice for your business. What Lesslies customers have in common is that they've all experienced the headaches of:

• Traditional banks hidden fees regarding cross-border payments/FX
  
  
• Boring and time consuming administration
  
  
• The operational risk which comes with accounting and numbers.

With one BankID login, you will be able to sign and pay your cross-boarder payments in seconds. We integrate your internet bank with your ERP system and tax account, which gives you a very clear overview of all your accounts and transactions.

• Your own IBAN
• A free currency account to over 180+ countries with 37 diverse currencies
  
  

Depending on your ERP system we can automaise the bookeeping process for you which means we will:

• Write all vouchers linked to your international payments
• Upload all necessary bank documents

Depending on your transaction volym you can save between 30-50% with Lesslie PAY. However, easiest way to give you an exact number we recommend you to contact us so that we can do a calculation together of how much your business can potentially save using Lesslie.

Our service is free of charge with no start-up or monthly fees. We offer a simple, affordable, and transparent solution for your cross-border payments with no transaction fees

Step 1: We automate the end-to-end payment process for you. This simply means that Lesslie automates the handling of supplier invoices in your ERP system. When an invoice has been approved, we fetch the data and you can sign in Lesslie PAY. After the sign, we create the voucher and the Invoice PDF.

Step 2: The funding transfer, we initiate a SEK transfer equivalent to the FX conversion from your bank account to your Lesslie account. We also attach the voucher and bank statement PDF"

Step 3: Next, we execute the conversion from SEK to the destination currency using our exchange rate, and we attach the voucher and bank statement PDF.

Step 4: Once this process is complete, your cross-border payment process has been completed. Your voucher has been debited, the FX differentiation account has been updated, and your bank statement PDF has been attached.

In summary, Lesslie automates the exchange of currencies, payment, and the bookkeeping for you

Before you accept and pay your invoice, we will provide you with a proposal for the exchange rate. The exchage will then take place in connection with the due date of the invoice.

If you're using Lesslie PAY, you can now take advantage of Free Express Payments. As the name suggests, these are completely free of charge and without any fees, unlike traditional banks that charge 300 SEK or more for making an express payment to another country.

Good to Know:

• No fees: There's no charge for using Free Express Payments – the usual banking fee for international payments does not apply. Additionally, no express fee is taken, which typically ranges between 300 - 500 SEK.
  
  
• Compliance Check: The first time you use Free Express Payment, your bank may contact you to verify the recipient. This is standard procedure and only happens once.
  
  
• Handelsbanken Customers: If you bank with Handelsbanken, you'll always use Free Express Payment and won't need to sign with a bank token anymore.
  
  

Exceptions for "Joint Authorisation": Accounts that require two or more signatures for payments cannot use Free Express Payment yet. You can of course continue using Lesslie as usual.

Payments with a short processing time are automatically made as free express payments. You also have the option to manually select express payment for any invoice. Your suppliers will be paid the same day if you sign before 09:00 am. This applies to most markets including Europe, the USA, Canada, Hong Kong, and several other countries. 

• Before 09:00 am: For most currencies and countries if you sign your transfer before 09:00 local Swedish time, the supplier will have the money the same day.
  
  
• After 09:00 am: The supplier receives the payment the next day.
  
  
• For less common currencies: The payment reaches the supplier after 2 days.
  
  

Yes, Lesslie Technologies AB is a Payment Institution regulated by the Swedish Financial Supervisory Authority (Finansinspektionen) with identification number 55327.

Deposits made to Lesslie's platform are insured by Försäkringsbolaget IF. As a customer, this means that you have the right to claim compensation directly from Försäkringsbolaget If, even if Lesslie fails to fulfill its obligations.

This insurance covers the entire deposit amount, unlike the government deposit guarantee, which only applies to amounts up to SEK 1,050,000.