CurrencyFair, a Dublin, Ireland-based currency exchange marketplace, secured €10m in funding.
The round was led by Octopus Investments with participation from Frontline Ventures.
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%.
FinSMEs
16/04/2015