About Currenex
Currenex is a company based in New York (United States) founded in 1999 was acquired by State Street in January 2007.. Currenex has raised $65.6 million across 3 funding rounds from investors including Barclays, Shell and State Street. Currenex offers products and services including Execution Methods, Liquidity Configurations, Order Types & Algos, Market Data, and Private Label Services. Currenex operates in a competitive market with competitors including Robinhood, Trade Republic, Vested Finance, Webull and XTB Online Trading, among others.
- Headquarter New York, United States
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name State Street Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.6 M (USD)
in 3 rounds
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Latest Funding Round
$27.6 M (USD), Series B
Nov 27, 2000
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Investors
Barclays
& 2 more
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Employee Count
Employee Count
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Acquired by
State Street
(Jan 22, 2007)
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Products & Services of Currenex
Currenex offers a comprehensive portfolio of products and services, including Execution Methods, Liquidity Configurations, Order Types & Algos, Market Data, and Private Label Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for anonymous and disclosed FX trade execution
Configurations for accessing deep FX liquidity pools
Advanced order types and algorithms for FX markets
Provision of real-time market data for financial analysis
White-label technology for brokers and institutions
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Product Management Team
2 people
Sales and Marketing
2 people
MD Team
1 people
Software Development Team
1 people
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Funding Insights of Currenex
Currenex has successfully raised a total of $65.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $27.6 million completed in November 2000. 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 3
- Last Round Series B — $27.6M
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First Round
First Round
(17 Apr 2000)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2000 | Amount | Series B - Currenex | Valuation |
investors |
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| Sep, 2000 | Amount | Series B - Currenex | Valuation |
investors |
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| Apr, 2000 | Amount | Series B - Currenex | Valuation |
investors |
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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 Currenex
Currenex has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Barclays, Shell and State Street. 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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Shell is recognized as a global energy and petrochemical company.
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Founded Year | Domain | Location | |
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Diversified financial services are provided across global markets.
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Founded Year | Domain | Location | |
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Financial services are provided to asset managers worldwide.
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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 Currenex
| 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 - Currenex
| 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 |
Currenex Comparisons
Competitors of Currenex
Currenex 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 Robinhood, Trade Republic, Vested Finance, Webull and XTB Online Trading, 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 |
Commission-free trading and investment services are provided by Robinhood.
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| domain | founded_year | HQ Location |
Multi-asset trading platform for stocks, ETFs, and cryptocurrencies is provided.
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| domain | founded_year | HQ Location |
Online trading and investment platform
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| domain | founded_year | HQ Location |
Broker-based online trading platform
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| domain | founded_year | HQ Location |
Forex broking services are provided online by XTB.
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| domain | founded_year | HQ Location |
Online trading software
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Currenex
Frequently Asked Questions about Currenex
When was Currenex founded?
Currenex was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Currenex located?
Currenex is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Currenex a funded company?
Currenex is a funded company, having raised a total of $65.6M across 3 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Apr 17, 2000.
What does Currenex do?
Currenex was founded in 1999 in New York, United States, as a technology provider in the forex sector. Deep liquidity pools from over 60 global banks are connected through an electronic trading network. Services such as Executable Streaming Prices, Request for Streams, Benchmark Trading, Algorithmic Trading, and Prime Brokerage with Straight Through Processing are offered to support anonymous and disclosed executions for the FX community.
Who are the top competitors of Currenex?
Currenex's top competitors include Robinhood, Trade Republic and Saxo Bank.
What products or services does Currenex offer?
Currenex offers Execution Methods, Liquidity Configurations, Order Types & Algos, Market Data, and Private Label Services.
Who are Currenex's investors?
Currenex has 3 investors. Key investors include Barclays, Shell, and State Street.