About CurrencyFair
CurrencyFair is a company based in Dublin (Ireland) founded in 2010. CurrencyFair has raised $23.06 million across 4 funding rounds from investors including Enterprise Ireland, Octopus Ventures and Frontline Ventures. CurrencyFair has completed 2 acquisitions, including Convoy and Convoy Payments. CurrencyFair offers products and services including Money Transfer Service, Currency Exchange, and Rate Alerts. CurrencyFair operates in a competitive market with competitors including Wise, TransferGo, Remessa Online, Western Union and Intermex, among others.
- Headquarter Dublin, Ireland
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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 Currencyfair Limited
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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
$23.06 M (USD)
in 4 rounds
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Latest Funding Round
$8.98 M (USD), Series B
Mar 23, 2016
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Investors
Enterprise Ireland
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Convoy
& 1 more
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Products & Services of CurrencyFair
CurrencyFair offers a comprehensive portfolio of products and services, including Money Transfer Service, Currency Exchange, and Rate Alerts.
Secure platform for sending international funds with low fees.
Tool for converting currencies at competitive rates online.
Feature to monitor and alert on favorable exchange rates.
Funding Insights of CurrencyFair
CurrencyFair has successfully raised a total of $23.06M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.98 million completed in March 2016. 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 CurrencyFair
CurrencyFair has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Enterprise Ireland, Octopus Ventures and Frontline Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment and support for founders in technology and health sectors.
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Venture capital firm focused on B2B companies
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Tech focused VC firm investing in the UK and Finland
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Investor details for CurrencyFair
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by CurrencyFair
CurrencyFair has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Convoy and Convoy Payments.
Investment portfolio details for CurrencyFair
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Prepaid fuel cards are issued for consumer payment needs.
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A money management platform is offered by Convoy.
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Locked | Locked | 1993 | Locked |
Complete acquisition details for CurrencyFair
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - CurrencyFair
Detailed financials for CurrencyFair
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Currencyfair Comparisons
Peer comparison for CurrencyFair
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Competitors of CurrencyFair
CurrencyFair 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, TransferGo, Remessa Online, Western Union and Intermex, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border remittances are enabled for individuals and businesses via apps.
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Cross-border remittances are enabled for consumers and businesses.
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International payments are enabled online for consumers and businesses.
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Provider of remittance services
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Cross-border remittances are enabled for individuals and businesses.
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Detailed competitors of CurrencyFair
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Latest news on Currencyfair
Complete news archive for CurrencyFair
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Frequently Asked Questions about CurrencyFair
CurrencyFair was founded in 2010 and raised its 1st funding round 1 year after it was founded.
CurrencyFair is headquartered in Dublin, Ireland.
Jan Lorenc is the current CEO of CurrencyFair.
CurrencyFair is a funded company, having raised a total of $23.06M across 4 funding rounds to date.
CurrencyFair was founded in 2010 in Dublin, Ireland, as a fintech platform specializing in cross-border money transfers. Accounts are set up by users, followed by deposits via bank transfer. Amounts and currencies for sending are specified, along with recipient details. Business accounts are offered for paying overseas suppliers, settling foreign invoices, and receiving international client payments. The service is accessible via iOS and Android apps.
CurrencyFair's top competitors include Wise, TransferGo and Remessa Online.
CurrencyFair offers Money Transfer Service, Currency Exchange, and Rate Alerts.
CurrencyFair has made 2 acquisitions, including Convoy, and Convoy Payments.
CurrencyFair has 4 investors. Key investors include Enterprise Ireland, Octopus Ventures, Frontline Ventures, and Proxy Ventures.