CurrencyFair, a Dublin, Ireland-based currency exchange marketplace, secured €10m in funding.
The company intends to use the funds to expand operations across their main currency corridors between the UK, Europe and Asia-Pacific.
Led by CEO Brett Meyers, CurrencyFair is a person-to-person currency exchange marketplace. Its customers are able to exchange funds and transfer them overseas leveraging the company’s “Money Matching” model that cuts out the “middle-man” to obtain the best possible exchange rate for 16 currencies, whilst avoiding expensive and hidden bank charges.
CurrencyFair’s average fee is currently 0.35%.