CurrencyFair

OverviewSuggest Edit

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. Firstly, 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. Secondly, 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). Finally, 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 gives the customer a choice: exchange immediately at the best rate available or place an order at a better exchange rate and wait to be matched off by another customer exchanging on the opposite market. Funds that are placed unmatched on the marketplace are aggregated by rate, and may be matched in part or in full at any time. All exchanges are anonymous - the customer only deals with CurrencyFair. 
TypePrivate
Founded2009
HQDublin, IE
Websitecurrencyfair.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Mar 2021)93(-6%)
Cybersecurity ratingAMore

Key People/Management at CurrencyFair

Paul Byrne

Paul Byrne

CEO
Andrea Linehan

Andrea Linehan

Chief Marketing Officer
Ruth Fletcher

Ruth Fletcher

CFO / COO
Brian Bennett

Brian Bennett

Vice President Sales
Phil O'Malley

Phil O'Malley

Exec VP of Engineering
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CurrencyFair Office Locations

CurrencyFair has offices in Dublin, Newcastle and Surrey
Dublin, IE (HQ)
Colm House, 91 Pembroke Rd, Ballsbridge
Newcastle, AU
19 Honeysuckle Dr
Surrey, GB
Robert Denholm House Bletchingley Road, Nutfield
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CurrencyFair Financials and Metrics

Summary Metrics

Founding Date

2009

CurrencyFair total Funding

$24.4 m

CurrencyFair latest funding size

$8.98 m

Time since last funding

5 years ago

CurrencyFair investors

CurrencyFair's latest funding round in March 2016 was reported to be $9 m. In total, CurrencyFair has raised $24.4 m
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Human Capital Metrics

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CurrencyFair Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

CurrencyFair Online and Social Media Presence

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CurrencyFair News and Updates

CurrencyFair makes Asian acquisition as part of EUR20 million growth plan

Dublin-based money transfer outfit CurrencyFair is to expand into the Asian markets through the acqu...

CurrencyFair Blogs

CurrencyFair merges with Australia-based Assembly Payments

Standard Chartered Ventures invests in combined company which will give customers the building blocks to easily access, build, connect, and use any payment service.

7 ways to improve payments and grow your online marketplace

With global consumers moving online in unprecedented numbers, the growth of digital commerce is increasing the need for marketplaces to process large volumes of transactions more efficiently.

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CurrencyFair Frequently Asked Questions

  • When was CurrencyFair founded?

    CurrencyFair was founded in 2009.

  • Who are CurrencyFair key executives?

    CurrencyFair's key executives are Paul Byrne, Andrea Linehan and Ruth Fletcher.

  • How many employees does CurrencyFair have?

    CurrencyFair has 92 employees.

  • Who are CurrencyFair competitors?

    Competitors of CurrencyFair include TransferWise, Money Mart Financial Services and Social Bank.

  • Where is CurrencyFair headquarters?

    CurrencyFair headquarters is located at Colm House, 91 Pembroke Rd, Ballsbridge, Dublin.

  • Where are CurrencyFair offices?

    CurrencyFair has offices in Dublin, Newcastle and Surrey.

  • How many offices does CurrencyFair have?

    CurrencyFair has 4 offices.