About Currencies Direct
Currencies Direct is a Financial Services company based in London (United Kingdom) founded in 1996, and was acquired by Palamon Capital Partners in August 2015. It operates as a cross-border remittances are enabled online for individuals and businesses. Currencies Direct has raised $184.28 million across 1 funding round from investors including Blackstone, Corsair Capital and Palamon. Its chief executive is Fxjo Aboki Fx. Its website currenciesdirect.com draws about 274 thousand monthly visits. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and Diversified. Its legal entity is CURRENCIES DIRECT LIMITED. Its competitors include Wise, CurrencyFair, Remessa Online, TransferGo and Western Union and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Investing
- Website currenciesdirect.com
- Social LinkedIn X Facebook
- Acquired by Palamon Capital Partners (Aug 2015)
- Legal Name Currencies Direct Limited
- Date of Incorporation 03 Apr, 1995
- Jurisdiction LONDON, UNITED KINGDOM
- Total Equity Funding$184.28M (USD)
in 1 rounds
- Latest Funding Round$184.28M (USD), Series D
Mar 2022
- InvestorsBlackstone
& 2 more
- Acquired byPalamon Capital Partners
(Aug 2015)
Apps and channels of Currencies Direct
Currencies Direct publishes 1 mobile app with over 50K+ downloads.
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 $184.28M
- Total Rounds 1
- Last Round Series D — $184.28M
- First Round $184.28M
(Mar 2022)
- Investors Count 1
All 1 funding rounds of Currencies Direct with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $184.28M | Series D | – | Blackstone | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Private equity investments are directed toward North America and Europe. | – | corsair-capital.com | New York, United States | |
Palamon Capital Partners is engaged in growth-focused investments across Europe. | 1999 | palamon.com | London, United Kingdom |
Investor details for Currencies Direct
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People of Currencies Direct
77 people are tracked at Currencies Direct (14 in leadership, 1 in board & advisors, 62 in team).
| Name | Role | Group |
|---|---|---|
Fxjo Aboki Fx | CEO | Leadership |
Shaun Hess | Head Sales Internal | Leadership |
Andy Trinder | Head Of Group Finance | Leadership |
Caroline Jones | Head Of Financial Crime Analytics And QA | Leadership |
Javier de Torre | Head Of Creative Direction | Leadership |
Jon Beddell | Chief Commercial Officer | Leadership |
Amit Biswal | Head Of Sales - India | Leadership |
Robyn van Wyk | Head Of Human Resources | Leadership |
Rebecca Fuller-Glen | Head Of B2b Marketing | Leadership |
Andrew Brown | Sales Director - Southern Europe | Leadership |
Sam McIntyre | Global Head Of Enterprise Solutions | Leadership |
Anthony Colocasidou | Head Of Private Clients Trading | Leadership |
Chartered McSi James Spurway | Head Of Partnerships | Leadership |
Jason Manu | Head Of Digital Analytics & Insights | Leadership |
Antony Jenkins | Chairman | Board & advisors |
Nelmie Ross | Compliance And Risk Manager | Team |
Upendra Pillay | Team Manager-compliance | Team |
Amarjit Kambo | Compliance Officer | Team |
Aveena Basi | Risk And Compliance Analyst | Team |
Bincy Santosh | Senior Compliance Officer | Team |
57 more people are available in the full profile.
Complete people profiles for Currencies Direct
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Timeline of Currencies Direct
3 dated milestones of Currencies Direct across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Currencies Direct is founded.
- Exit Acquired by Palamon Capital Partners.
- Funding First funding round of $184.3M.
Competitors of Currencies Direct
Currencies Direct has 9 listed competitors in our database, 7 of them funded. They include Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wise.com | 2011 | Shoreditch, United Kingdom | $396.83M | 5,499 | Cross-border remittances are enabled for individuals and businesses via apps. | |
| currencyfair.com | 2010 | Dublin, Ireland | $23.06M | – | Cross-border money transfers are enabled through CurrencyFair's platform. | |
| remessaonline.com.br | 2016 | Sao Paulo, Brazil | $21.53M | – | International payments are enabled online for consumers and businesses. | |
| transfergo.com | 2012 | London, United Kingdom | $109.2M | – | Cross-border remittances are enabled for consumers and businesses. | |
| westernunion.com | 1851 | Denver, United States | – | 196 | Provider of remittance services | |
| sentbe.com | 2015 | Seoul, South Korea | $1.66M | – | Cross-border remittance solution | |
| 2c2p.com | 2003 | Singapore | $85M | – | Payment processing solutions for businesses | |
| intermexonline.com | 1994 | Miami, United States | – | – | Cross-border remittances are enabled for individuals and businesses. | |
| integral.com | 1993 | Palo Alto, United States | $41M | – | Integral is recognized as a leading currency technology partner for financial organizations. |
Detailed competitors of Currencies Direct
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Web traffic of Currencies Direct
The website of Currencies Direct (currenciesdirect.com) receives about 273.8K visits a month and ranks #173,899 among all websites worldwide, #1,850 in Investing.
- Monthly visits273.8K
▲ 43.3% vs previous month
- Unique visitors80.5K
per month
- Global rank#173,899
among all websites
- Category rank#1,850
Finance · Investing
- Bounce rate38%
- Pages per visit4.5
- Average visit1 min 40 sec
- DevicesDesktop 42% · Mobile 58%
Websites whose visitors overlap most with Currencies Direct. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| torfx.com | 100% | 118K | #403,500 | View details | |
| hdfcsec.com | 98% | 2.4M | #18,771 | View details | |
| hifx.co.uk | 86% | – | – | View details | |
| worldfirst.com | 86% | 785K | #45,054 | View details | |
currencies.co.uk | currencies.co.uk | 86% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Currencies Direct
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Currencies Direct (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about 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. The company's 1st funding round was a Series D of $184.28M, raised on Mar 2022.
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.
Currencies Direct operates through Currencies Direct Limited.
Yes. Currencies Direct was acquired by Palamon Capital Partners in August 2015.
Yes. Currencies Direct publishes Currencies Direct, with over 50,000 downloads.
The website of Currencies Direct receives about 274 thousand visits a month and ranks #173,899 among all websites worldwide.