About Currencies Direct
Currencies Direct is a company based in London (United Kingdom) founded in 1996 was acquired by Palamon Capital Partners in August 2015. Currencies Direct has raised $184.28 million across 1 funding round from investors including Blackstone, Corsair Capital and Palamon. Currencies Direct operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Currencies Direct Limited
- Date of Incorporation 03 Apr, 1995
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$184.28 M (USD)
in 1 rounds
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Latest Funding Round
$184.28 M (USD), Series D
Mar 08, 2022
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Investors
Blackstone
& 2 more
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Employee Count
Not available
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Acquired by
Palamon Capital Partners
(Aug 11, 2015)
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People of Currencies Direct
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Legal and Compliance
10 people
Software Development Team
10 people
Senior Team
8 people
Sales and Marketing
7 people
Leadership Team
4 people
Data Analysis and Operations Team
3 people
Finance and Accounting
3 people
Test Team
3 people
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Funding Insights of Currencies Direct
Currencies Direct has successfully raised a total of $184.28M through 1 strategic funding round. The most recent funding activity was a Series D round of $184.28 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Currencies Direct
Currencies Direct has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Blackstone, Corsair Capital and Palamon.
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Private equity investments are directed toward North America and Europe.
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Palamon Capital Partners is engaged in growth-focused investments across Europe.
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Investor details for Currencies Direct
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- Investor domains
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Currencies Direct
Investment portfolio details for Currencies Direct
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- Transaction dates
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Financial Statements - Currencies Direct
Detailed financials for Currencies Direct
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- Historical revenue
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Currencies Direct Comparisons
Peer comparison for Currencies Direct
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Currencies Direct
Currencies Direct operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
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Cross-border remittances are enabled for individuals and businesses via apps.
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Cross-border money transfers are enabled through CurrencyFair's platform.
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International payments are enabled online for consumers and businesses.
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Cross-border remittances are enabled for consumers and businesses.
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Provider of remittance services
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Cross-border remittance solution
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Detailed competitors of Currencies Direct
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Latest news on Currencies Direct
Complete news archive for Currencies Direct
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Frequently Asked Questions about Currencies Direct
Currencies Direct was founded in 1996 and raised its 1st funding round 26 years after it was founded.
Currencies Direct is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Fxjo Aboki Fx is the current CEO of Currencies Direct.
Currencies Direct is a funded company, having raised a total of $184.28M across 1 funding round to date.
Currencies Direct was founded in 1996 in London, United Kingdom, within the fintech sector. An online platform is operated to facilitate global money transfers for individuals and businesses. Multiple currencies are supported for sending and receiving funds. User details are entered, and payments are made via cards or bank transfers. The service is accessible through Android and iOS applications.
Currencies Direct's top competitors include Wise, TransferGo and Remessa Online.
Currencies Direct has 3 investors. Key investors include Blackstone, Corsair Capital, and Palamon.