CurrencyFair allows individuals and businesses to exchange currencies and send funds to bank accounts worldwide. It uses a unique person-to-person online marketplace to facilitate currency exchange between users, in a simple and anonymous fashion. CurrencyFair's customers can exchange currency using a three step process. 1) Funds in the currency to be sold are sent by the customer to the corresponding CurrencyFair bank account. When received by CurrencyFair, they are credited to the users individual CurrencyFair account and made available for exchanging. 2) Available funds in a users account can at any time be exchanged by the user into another currency using the corresponding marketplace (for example GBP to EUR). 3) Funds received from marketplace exchanges are available to be sent out to a bank account as instructed online by the customer. Each currency exchange marketplace (for example GBP to EUR) gives the customer a choice: exchange immediately at the best rate available (usually no worse than 0.5% from the interbank rate, and sometimes better than the interbank rate), or place an order at a better exchange rate and wait to be matched off by another customer exchanging on the opposite market (for example EUR to GBP). Funds that are placed unmatched on the marketplace are aggregated by rate, and may be matched in part or in full at any time. Unmatched orders can be cancelled or amended at any time. All exchanges are anonymous - the customer only deals with CurrencyFair. CurrencyFair is regulated by the Irish Financial Regulator as an Authorised Payments Institution under the European Payment Services Regulations 2009. Authorised Payment Institutions (as opposed to Small Payments Institutions) are required to provide safeguards around client funds during the exchange and transfer process. CurrencyFair maintains segregated client accounts, and client funds are never commingled with CurrencyFair's own money. This means that in the unlikely event of CurrencyFair encountering difficulties in operation, all client funds remain ring-fenced and would be returned to customers, not used to settle CurrencyFair's obligations.
Company Growth (employees)
Ballsbridge, IE
Size (employees)
86 (est)
CurrencyFair is headquartered in Ballsbridge, IE

Key People at CurrencyFair

Paul  Byrne

Paul Byrne

Ruth Fletcher

Ruth Fletcher

William McQuillan

William McQuillan

Brett Meyers

Brett Meyers

Managing Director
Sean Barrett

Sean Barrett


CurrencyFair Office Locations

CurrencyFair has offices in Ballsbridge, Newcastle, Surrey and Dublin
Ballsbridge, IE (HQ)
Colm House Pembroke Rd
Surrey, GB
Robert Denholm House Bletchingley Road, Nutfield
Newcastle, AU
201 19 Honeysuckle Dr

CurrencyFair Metrics

Summary Metrics

Total Funding

$24.9 m

Latest funding size

$9 m

Time since last funding

about 1 year


CurrencyFair's latest funding round in March 2016 was reported to be $9 m. In total, CurrencyFair has raised $24.9 m
We estimate that CurrencyFair's current employees are approximately 14% female and 86% male.

CurrencyFair Online Presence

CurrencyFair News

CurrencyFair Company Life

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