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
*********
- Legal Name Currencies Direct Limited
- Date of Incorporation 03 Apr, 1995
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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Acquired by
Palamon Capital Partners
(Aug 11, 2015)
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $184.3M
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First Round
First Round
(08 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series D - Currencies Direct | Valuation | Blackstone |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward North America and Europe.
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Founded Year | Domain | Location | |
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Palamon Capital Partners is engaged in growth-focused investments across Europe.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Currencies Direct
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Currencies Direct
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Currencies Direct Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Currencies Direct
Frequently Asked Questions about Currencies Direct
When was Currencies Direct founded?
Currencies Direct was founded in 1996 and raised its 1st funding round 26 years after it was founded.
Where is Currencies Direct located?
Currencies Direct is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Currencies Direct?
Fxjo Aboki Fx is the current CEO of Currencies Direct.
Is Currencies Direct a funded company?
Currencies Direct is a funded company, having raised a total of $184.28M across 1 funding round to date. The company's 1st funding round was a Series D of $184.28M, raised on Mar 08, 2022.
What does Currencies Direct do?
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.
Who are the top competitors of Currencies Direct?
Currencies Direct's top competitors include Wise, TransferGo and Remessa Online.
Who are Currencies Direct's investors?
Currencies Direct has 3 investors. Key investors include Blackstone, Corsair Capital, and Palamon.
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