About FairFX
FairFX is a company based in London (United Kingdom) founded in 2007.. FairFX has completed 2 acquisitions, including CardOneBanking and Hermex FX. FairFX offers products and services including Multi-currency Card, International Payments, Virtual Card, and Travel Cash. FairFX operates in a competitive market with competitors including Wise, TransferGo, Western Union, Currencies Direct and Currensea, among others.
- Headquarter London, United Kingdom
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Fairfx Limited
- Date of Incorporation 08 Sep, 2022
- 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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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
CardOneBanking
& 1 more
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Products & Services of FairFX
FairFX offers a comprehensive portfolio of products and services, including Multi-currency Card, International Payments, Virtual Card, and Travel Cash. 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.
Enables holding and spending in 20 currencies with competitive rates.
Facilitates secure online payments in over 40 currencies worldwide.
Offers virtual cards for instant access to multiple currencies.
Provides cash in various currencies for travel needs.
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Funding Insights of FairFX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by FairFX
FairFX has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CardOneBanking and Hermex FX. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Forex brokerage services are provided by Hermex FX.
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2008 | ||||
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Current account for individuals and businesses
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FairFX
| 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 |
Fairfx Comparisons
Competitors of FairFX
FairFX 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, Western Union, Currencies Direct and Currensea, 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 |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals and businesses.
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| domain | founded_year | HQ Location |
Multi-currency debit cards are provided with bank account connections.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fairfx
Frequently Asked Questions about FairFX
When was FairFX founded?
FairFX was founded in 2007.
Where is FairFX located?
FairFX is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does FairFX do?
FairFX was established in 2007 in London, United Kingdom, within the fintech sector focused on travel money solutions. Multi-currency cards are issued for use by consumers and businesses, supporting cash withdrawals, in-store payments, online transactions, money transfers, and currency exchange. An app-based platform is maintained for card recharges and transaction oversight, accessible via iOS and Android devices. Operations center on facilitating international payments and financial management for travelers.
Who are the top competitors of FairFX?
FairFX's top competitors include Wise, TransferGo and Western Union.
What products or services does FairFX offer?
FairFX offers Multi-currency Card, International Payments, Virtual Card, and Travel Cash.
How many acquisitions has FairFX made?
FairFX has made 2 acquisitions, including CardOneBanking, and Hermex FX.
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