About OFX
OFX is a company based in Sydney (Australia) founded in 1998.. The company has 692 employees as of March 31, 2024. OFX has completed 2 acquisitions, including Firma FX and Paytron. OFX offers products and services including OFX Money Transfer, OFX App, and Currency Tools. OFX operates in a competitive market with competitors including Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, among others.
- Headquarter Sydney, Australia
- Employees 692 as on 31 Mar, 2024
- Stage Public
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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 Ofx Group Limited
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IPO & Listings of OFX
OFX is a publicly listed company on the ASX with ticker symbol OFX in Australia, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of OFX
OFX offers a comprehensive portfolio of products and services, including OFX Money Transfer, OFX App, and Currency Tools. 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 secure international money transfers for businesses and individuals.
Facilitates checking rates and tracking transfers on mobile devices.
Provides rate alerts and historical data for currency exchange decisions.
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Software Development Team
36 people
Leadership Team
15 people
Sales and Marketing
14 people
Senior Team
12 people
Finance and Accounting
10 people
Legal and Compliance
10 people
Product Management Team
9 people
Human Resources and Administration
7 people
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Funding Insights of OFX
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Private Equity Round - OFX | Valuation | Accel , The Carlyle Group |
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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 OFX
OFX has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Accel and The Carlyle Group. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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 OFX
OFX has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Firma FX and Paytron. 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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Payment processing solutions are offered to businesses for various transactions.
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2020 | ||||
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Foreign currency exchange and remittance services are provided in Canada.
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1998 |
| 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 - OFX
| 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 |
Ofx Comparisons
Competitors of OFX
OFX 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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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ofx
Frequently Asked Questions about OFX
When was OFX founded?
OFX was founded in 1998 and raised its 1st funding round 12 years after it was founded.
Where is OFX located?
OFX is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
How many employees does OFX have?
As of Mar 31, 2024, the latest employee count at OFX is 692.
What is the annual revenue of OFX?
Annual revenue of OFX is $143.32M as on Mar 31, 2024.
What does OFX do?
OFX was founded in 1998 in Sydney, Australia, as a provider of international money transfer services in the financial technology sector. Operations are conducted for both personal and business clients through banking networks to enable cross-border payments. Integration with cloud accounting platforms like Xero and Saasu is supported, allowing foreign currency invoices to be settled efficiently. The service operates under the trading name OzForex Limited.
Who are the top competitors of OFX?
OFX's top competitors include Azimo, Euronet Worldwide and NALA.
What products or services does OFX offer?
OFX offers OFX Money Transfer, OFX App, and Currency Tools.
Is OFX publicly traded?
Yes, OFX is publicly traded on ASX under the ticker symbol OFX.
Who are OFX's investors?
OFX has 2 investors. Key investors include Accel, and The Carlyle Group.
What is OFX's ticker symbol?
The ticker symbol of OFX is OFX on ASX.
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