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| Founded | 2009 |
|---|---|
| Headquarters | Dublin, Ireland |
| No. of locations | Dublin, Ireland : Newcastle, Australia : Singapore : Hong Kong |
| Area served | Australia, Canada, Europe, New Zealand. |
| Founder(s) | Brett Meyers, Jonathan Potter, Sean Barrett and David Christian |
| President | Jan Lorenc |
| Services | Financial Services |
| Employees | 80+ (Sep 2020)[citation needed] |
| URL | currencyfair.com |
| Launched | 2009; 16 years ago (2009) |
CurrencyFair is an online currency exchange platform that until 2023 offered a peer-to-peer currency exchange service. CurrencyFair is headquartered inIreland and also has employees in theUK,Australia,Greece,Hong Kong,Poland andSingapore. The company has established working sectors in Newcastle (UK), New South Wales (Australia), Singapore and Hong Kong. CurrencyFair provides international money transfers in 20 global currencies.[1]
CurrencyFair was established in April 2009 by co-founders Brett Meyers,[2][3] Jonathan Potter, Sean Barrett, and David Christian. It was described byThe Guardian as a marketplace where money is never exchanged across borders, rather staying in the country of origin, thereby avoiding bank conversion fees. Customers would have one currency but need funds in another. They would be "matched" with someone with a corresponding need—someone who has that currency but needs the other.[4] This service is no longer offered.
The company was officially "launched" in December 2013 by then Irish TaoiseachEnda Kenny.[5] At the time, 30 new jobs were announced.[5]
In early 2014 CurrencyFair became the first platform in the world to break the $1 billion (€916 million) barrier in money-matching transfers, and in April 2017 CurrencyFair revamped their platform to enable SMEs to use the service.[6]
CurrencyFair announced at the Web Summit in Lisbon in 2016 that it had raised €8 million in funding.[7] A mobile app was launched in September 2015.[8]
As of August 2017, the company announced it had traded over €5 billion.[9] By July 2018, this had reputedly increased to over €7 billion.[10]
In August 2018, the company announced a €20 million investment plan into the Asian market and the acquisition of Hong Kong-basedConvoy Payments.[11][12]
In October 2019, CurrencyFair announced its sponsorship of the 2019Asian Gaelic Games, with a launch event inCroke Park.[13]
In December 2019, the company completed a partnership agreement with Chinese online trade network Buy-World to launch its marketplace payment product.[14]
In 2023, CurrencyFair abandoned its core product of peer to peer currency exchange, reduced the number of currencies available to UK customers to three and effectively became a standard FX platform with no unique features and a (very) limited currency list
The listed Dublin office address on its website is, according to Google Maps, for rent (photo date October 2024, TO LET, Fully Fitted Offices).
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