Who is talking about us: FairFX in the news and press

FairFX partners with Newable Private Investing

FairFX is delighted to announce a new strategic partnership with Newable Private Investing, one of the UK's leading private investment groups.

Newable Private Investing (NPI) invest in innovative, high growth technology companies and provides Private Investors, Family Offices and Corporate Investors the opportunity to invest in potentially high growth early-stage knowledge-intensive companies.

The new relationship will see FairFX supporting Newable Private Investing at their prestigious showcase events – these events are sector focussed and give Investors the chance to meet potentially high growth Start-Ups and provide an excellent opportunity to network with fellow Investors.

FairFX Vice President of Partnerships, John Kinghorn, commented: “We are very excited to be working with Newable Private Investing. They have an extensive network of individual investors and companies who can benefit from our currency management service. We are looking forward to working closely with their team”.

Newable Private Investing MD, Michael Walsh, commented, “as more and more of the companies that we support sell products abroad and at scale, the need to ensure sound FX management increases. By partnering with FairFX, supported companies will be able to benefit from an effective FX solution.”

Friday 23 November 2018, 08:56am

Key Strategic Hire and Trading Update

FairFX, the low cost multi currency payments service, is pleased to provide the market with a trading update. Key items are:

  • FairFX hires James Hickman as Chief Commercial Officer
  • Corporate card platform breaks £10 million barrier for monthly loads
  • Turnover in the four months to 31 October 2016 up 45% year-on-year

The Group has significantly strengthened its senior management team through the appointment of Mr. James Hickman as Chief Commercial Officer, effective from 1 December 2016. James joins FairFX from key industry competitor Caxton FX where he was Managing Director and instrumental in establishing and growing its prepaid currency card programme. At FairFX, James will be responsible for driving more revenue growth across all product lines with a principal focus on the corporate sector.

The Group’s corporate card platform has performed particularly well in 2016, benefitting from the increased strategic focus that was announced in late 2015. Additional functionality has been added to the platform and there is a pipeline of further enhancements still to come. Last month a key milestone for the platform was passed with monthly loads exceeding £10 million for the first time and having doubled within just 6 months. During the 10 months to 31 October 2016, volume going through the corporate card platform is up by 92% compared to the same period for 2015.

The Group’s overall performance has continued to be strong since reporting its interim financial results and remains in line with market expectations. Turnover in the four months to 31 October 2016 is up 45% year-on-year to £314 million, while turnover for the year to 31 October 2016 is up 24% to £656 million.

Ian Strafford-Taylor, Chief Executive Officer, commented: “The business continues to make great strides and has performed well during what has been a volatile period for the currency markets. We are also particularly encouraged that the corporate card platform has been achieving such strong growth against this backdrop.

“I am also delighted that James Hickman is joining FairFX as Chief Commercial Officer. This is a key strategic hire for FairFX and James has an outstanding record in the currency payments industry. He will be playing an integral role in the next stage of our growth.”


ENDS

FairFX Group plc
Ian Strafford-Taylor, CEO
+44 (0) 20 7778 9308

Cenkos Securities plc
Max Hartley/Callum Davidson
+44 (0) 20 7397 8925

Yellow Jersey PR
Charles Goodwin
+44 (0) 7747 788 221


About FairFX

FairFX is a leading international payment services provider, incorporated in the UK in 2005. The Company has developed a cloud-based peer-to-peer payments platform that enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.

FairFX operates within the rapidly growing online multi-currency payments market and provides transactional services to both personal and business customers through four channels being Currency Cards, Physical Currency, FairPay and Dealing. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the FairPay and Dealing products support wire transfer foreign exchange transactions direct to Bank Accounts.

For Corporates, FairFX has a market-leading business-expenses solution based around its corporate prepaid card allied to a platform allowing the Corporate to better control expenses and improve transparency whilst removing administrative burdens from staff.

In addition, FairFX has entered into a number of "white-label" arrangements for the use of its P2P matching platform. Partners include easyjet, ThinkMoney, Pitney Bowes and Quintessentially. FairFX has also partnered with Concur Technologies, Inc. a leading provider of integrated travel and expense management solutions with over 25 million users globally. Such relationships provide strong support for FairFX's customer acquisition strategy.

Thursday 03 November 2016, 10:40am

FairFX partners with Vizeat

Monarch and FairFX

FairFX, the low cost multi currency payments service, has today announced a partnership with Europe’s largest social dining network, Vizeat.

Described as the “Airbnb of food”, VizEat is a social dining platform, which seeks to give tourists access to authentic culinary experiences by connecting them with local hosts. FairFX is excited to be partnering with VizEat, which has enjoyed tremendous growth and has the potential to expand to a global scale.

Since being founded in 2014, VizEat has 90,000 members from more than 100 countries; the number of food experiences it offers has grown by 50% every month and its website is now available in English, French, Italian, Spanish and German.

With both companies focused on making sure their customers get more out of their holiday experience, the new partnership will benefit customers of both VizEat and FairFX. The partnership is designed to offer customers access to unique experiences while getting the best value for money when they travel overseas.

The agreement with Vizeat offers FairFX customers a discount to enjoy an authentic culinary experience with local hosts, such as a shared meal, a food tour or a cooking class. And VizEat customers will benefit from preferential exchange rates and FairFX prepaid currency card offers. The customer experience will also be improved through shared tips and advice for all aspects of their holiday.

Ian Strafford-Taylor, CEO of travel money firm FairFX, said: “The new partnership will appeal to consumers who actively seek out authentic travel experiences. VizEat helps people to quickly weed out the tourist traps - the inauthentic, expensive restaurants invariably located in tourist hotspots. We’re excited to give our customers access to unforgettable and authentic travel moments through this partnership while at the same time introducing new customers to the cost-saving benefits and convenience of a prepaid currency card.”

VizEat co-founder Jean-Michel Petit said: “We are delighted to partner with FairFX. We believe that the dining table is the original social network and VizEat connects travellers with authentic culinary experiences. By working with FairFX we’re able to offer more travellers the opportunity to make the most of their holidays by meeting and eating with locals, facilitating new friendships and creating lasting memories.”

To make sure you have a great holiday food experience, here are five unique ways to explore, get a taste of authentic food and eat like a local - all without breaking the bank - on your travels.

  1. Food markets – wander through; take the opportunity to absorb the sights and smells - but most importantly – the tastes of your new destination.

  2. Eat with a local – while getting together and sharing a meal around a table dates back thousands of years, the ability to share a meal with people you meet online is a relatively new phenomenon. Social dining for travellers is a modern way to experience traditional cuisine in people’s homes, cooked and shared by locals themselves. Platforms like VizEat connect travellers and local hosts in more than 70 countries as well as offering local food walking tours, cooking classes and foodie experiences you’re unlikely to find in the guidebooks.

  3. Food trucks – The US is famous for its bustling food truck scene and sets the trend worldwide with food trucks now commonplace at events, festivals and markets everywhere. Find one on your US holiday through RoamingHunger.

  4. Street food – What better way to experience local cuisine in a new city than right on the streets you’re pounding? A great destination to try street food is Singapore with its blend of Chinese, Malay and Indian cuisines. Local “hawker” markets feature a concoction of street vendors selling uniquely Singaporean dishes like Ikan Bakar - barbecued stingray smothered in a spicy fish chilli sauce known as sambal.

  5. Experience a food festival – try fresh, local food and produce from across the country you’re visiting. You’re spoilt for choice in Europe with the Mitt Kök Gothenburg in Sweden serving around 3,000 meals or Eurochocolate Perugia – an Italian chocolate exhibition – both in October.



ENDS

About Vizeat
VizEat is the leading social dining platform in Europe which connects travellers and local hosts around an authentic culinary experience at their home. It is a unique way to exchange with people from all around the world and to discover new cultures around food.

VizEat was founded in early 2014 in France and raised €1m in a seed funding round led by UK-based Eurovestech Plc; in February 2015 it acquired Paris-based pioneer Cookening, effectively becoming the European leader in the growing culinary experience sharing space. Today VizEat has 90,000 members from more than 100 countries; the number of food experiences it offers has grown by 50% every month and its website is now available in English, French, Italian, Spanish and German. A mobile app for VizEat is available now for download for iOS.

About FairFX
FairFX is a leading prepaid card, travel money and international payment services provider, offering services to customers in the UK since 2007. Its customer offering includes Prepaid Currency Cards, Travel Cash and International Money Transfers to both personal and business customers. FairFX was named as one of 1000 Companies to Inspire Britain by London Stock Exchange in 2013 and registered on the AIM market of the London Stock Exchange in August, 2014.

Wednesday 31 August 2016, 08:54am