About Foreign Currency Exchange
Foreign Currency Exchange is a company based in London (United Kingdom) founded in 2011 by Nicholas Fullerton and Mark Smith Halvorsen was acquired by Corpay in August 2016.. Foreign Currency Exchange offers products and services including Cross-Border Payments Platform, Currency Risk Management, and Multi-Currency Accounts. Foreign Currency Exchange operates in a competitive market with competitors including Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, among others.
- Headquarter London, United Kingdom
- Founders Nicholas Fullerton, Mark Smith Halvorsen
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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 Global Reach Group Ltd
- Date of Incorporation 08 Dec, 2015
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of Foreign Currency Exchange
Foreign Currency Exchange offers a comprehensive portfolio of products and services, including Cross-Border Payments Platform, Currency Risk Management, and Multi-Currency Accounts. 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.
Platform for streamlining international money transfers.
Tools to mitigate currency fluctuations in transactions.
Accounts for handling multiple currencies globally.
Funding Insights of Foreign Currency Exchange
| 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 |
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Investors in Foreign Currency Exchange
Foreign Currency Exchange has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Corpay. 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.
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Software solutions for payment automation and expense management are provided.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Foreign Currency Exchange
| 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 - Foreign Currency Exchange
| 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 |
Foreign Currency Exchange Comparisons
Competitors of Foreign Currency Exchange
Foreign Currency Exchange 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 Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, 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 money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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Cross-border money transfers are enabled via banking channels.
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Online foreign exchange and remittance services are facilitated in India.
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Cross-border remittances are enabled online for individuals worldwide.
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International money transfer service provider.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Foreign Currency Exchange
When was Foreign Currency Exchange founded?
Foreign Currency Exchange was founded in 2011.
Where is Foreign Currency Exchange located?
Foreign Currency Exchange is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Foreign Currency Exchange?
David Stevens is the current CEO of Foreign Currency Exchange.
What does Foreign Currency Exchange do?
FC Exchange was founded in 2011 in London, United Kingdom, within the financial services sector. An online platform is operated to enable international money transfers, with support for more than 130 currencies recorded as of February 2018. Forward contracts are made available for business users, permitting currency rates to be reserved for upcoming transactions.
Who are the top competitors of Foreign Currency Exchange?
Foreign Currency Exchange's top competitors include Azimo, Euronet Worldwide and NALA.
What products or services does Foreign Currency Exchange offer?
Foreign Currency Exchange offers Cross-Border Payments Platform, Currency Risk Management, and Multi-Currency Accounts.
Who are Foreign Currency Exchange's investors?
Foreign Currency Exchange has 1 investor. Key investors include Corpay.
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