CurrencyFair
- Company typePrivate
- Founded2010
- HeadquartersBallsbridge, Ireland
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
CurrencyFair firmographics
Firmographics- Name
- CurrencyFair
- Legal name
- CurrencyFair Limited
- Website
- https://currencyfair.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
CurrencyFair industry classification
Industry- Product category
- International Money Transfer
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Cross-border Payments & FX for E-commerce (CRAFALAF), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where CurrencyFair is headquartered
LocationHeadquarters
- HQ city
- Ballsbridge
- HQ country
- Ireland
- HQ region
- Europe
Offices4 records
Markets served
CurrencyFair business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Compliance
Revenue model
- International Transfer Fees: CurrencyFair charges a flat fee of €3 (or currency equivalent) when customers send money or Transfer Out from their CurrencyFair account. This is a per-transaction fee applied to each international money transfer.
- Foreign Exchange Margin: When customers exchange currencies on the platform, CurrencyFair adds a small margin to the mid-market exchange rate. The percentage varies depending on the currency but is typically around 0.53%, providing revenue from the bid-ask spread.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Transfer Fee - €3 flat fee per international transfer |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
CurrencyFair product offering
Product offeringCore offering
CurrencyFair is an online peer-to-peer marketplace and fintech platform that enables individuals and businesses to exchange currencies and send international money transfers across 150+ countries in 20+ currencies. The company earns revenue through a flat €3 transfer fee and a foreign exchange margin of approximately 0.53% applied to the mid-market rate, positioning itself as a lower-cost alternative to traditional bank transfers. It supplements transfers with multi-currency account functionality, rate alert notifications, mobile applications, and Xero integration for business accounting automation.
Product overview
CurrencyFair operates as a single-platform fintech offering international money transfer services with both personal and business variants. The core product is the international money transfer platform supporting 150+ countries and 20+ currencies, supplemented by multi-currency account functionality, rate alert notifications, and a referral program. Business features include separate flows for paying global employees, paying international suppliers, and receiving international payments, all integrated with Xero for accounting synchronization. The company does not operate a modular or add-on marketplace structure; features are embedded within the core platform experience accessible via web and mobile apps.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal International Money Transfers Fast, secure money transfers from a user's bank account to international recipients across 150+ countries in 20+ currencies, with same-day transfers on major currencies and rates up to 8x cheaper than banks. Targeted at individual consumers for use cases including overseas money transfers, overseas property purchases, tuition fees, overseas taxes, share sale proceeds, and overseas pensions.
- Business International Payments Comprehensive business payment solution enabling companies to pay global employees, pay international suppliers, and receive international payments, with multi-currency account capabilities and Xero accounting integration for multi-currency reconciliation. Targeted at small and medium businesses with recurring international payment needs.
- Multi-Currency Accounts Account functionality that enables customers to hold, exchange, and transfer money across 20+ currencies with integrated account management and competitive FX rates. Available to both individual and business customers for ongoing international money management.
Quantifiable outcome
- Exchange rates up to 8x cheaper than traditional banks
- +3 more outcomes
Companies that use CurrencyFair
Customer profileSegments2 records
Ideal customer profiles2 records
CurrencyFair technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
CurrencyFair partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- SalesforcecoreCurrencyFair is deploying Salesforce's Agentforce digital labour platform to drive productivity gains. Dublin serves as the EMEA hub for Salesforce's small and medium business operations, and CurrencyFair is highlighted as an Irish business using this platform.
- XerocoreXero accounting software integration allowing business customers to automatically reconcile multi-currency transactions and streamline financial reporting.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
CurrencyFair competitors and assessment
Company assessmentDirect peers
- Wise plc: Wise (formerly TransferWise) is the most direct peer — both run multi-currency account platforms serving consumers and businesses with transparent mid-market+margin FX pricing across 150+ countries, and appear alongside CurrencyFair in comparison site coverage.
- Revolut: Revolut overlaps with CurrencyFair on consumer multi-currency wallets, international transfers, and FX at low margins, and is named as a direct alternative in CurrencyFair's comparison-site placements.
- Remitly: Remitly is a direct peer in cross-border consumer money transfers and small business payouts, competing head-to-head in many of the same corridors CurrencyFair serves.
- OFX (formerly OzForex): OFX is a direct peer offering international money transfers and FX risk management to individuals and businesses, with a comparable regulated multi-jurisdiction footprint.
- WorldFirst: WorldFirst (Ant Group-owned) targets cross-border payments for SMBs and online sellers, overlapping directly with CurrencyFair's Business International Payments value proposition.
- Airwallex: Airwallex competes directly in multi-currency business accounts and cross-border payouts, and is named as a parallel alternative in CurrencyFair comparison-site listings.
- Payoneer: Payoneer is a direct peer for SMB/freelancer cross-border receiving accounts and international payments, sharing CurrencyFair's SMB-vertical focus.
Broad incumbents
- Western Union: Western Union is a broad incumbent in international money transfers, holding agents and licenses across CurrencyFair's 5 regulated jurisdictions and serving as the legacy competitor CurrencyFair prices against.
- MoneyGram: MoneyGram is a broad incumbent in cross-border consumer remittances, providing the reference cost structure CurrencyFair claims to undercut by up to 8x.
- PayPal (Xoom): PayPal's Xoom international remittance service is a broad incumbent overlapping with CurrencyFair's consumer transfer offering, with the added reach of PayPal's global wallet.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
CurrencyFair social profiles
Digital presenceCurrencyFair compliance and trust
Trust signalCompliance5 records
CurrencyFair financial estimates
Financial estimateRevenue estimate
Valuation estimate
CurrencyFair leadership team
Management profileNumber of profiles
Profiles5 records
CurrencyFair subsidiaries and ownership
Company hierarchySubsidiaries4 records
CurrencyFair funding detail
Funding detailFunding overview
Funding rounds10 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CurrencyFair M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CurrencyFair
What does CurrencyFair do?
CurrencyFair is an online peer-to-peer marketplace and fintech platform that enables individuals and businesses to exchange currencies and send international money transfers across 150+ countries in 20+ currencies. The company earns revenue through a flat €3 transfer fee and a foreign exchange margin of approximately 0.53% applied to the mid-market rate, positioning itself as a lower-cost alternative to traditional bank transfers. It supplements transfers with multi-currency account functionality, rate alert notifications, mobile applications, and Xero integration for business accounting automation.
Is CurrencyFair a public or private company?
CurrencyFair is a private company. It is classified as venture growth investor backed and is currently operating.
When was CurrencyFair founded?
CurrencyFair was founded in 2010. It employs 51 to 100 people.
Where is CurrencyFair based?
CurrencyFair is headquartered in Ballsbridge, Ireland, in the Europe region.
How does CurrencyFair make money?
Two revenue lines are on record. International Transfer Fees are the primary driver. The others are foreign Exchange Margin.
Who are CurrencyFair's main competitors?
Direct peers on record are Wise plc, Revolut, Remitly, OFX (formerly OzForex), WorldFirst, Airwallex and Payoneer. Broad incumbents are Western Union, MoneyGram and PayPal (Xoom).
Does CurrencyFair have an API?
No public API is recorded for CurrencyFair.
What industry is CurrencyFair in?
CurrencyFair's product category is International Money Transfer. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of CRAFALAF, Cross-border Payments & FX for E-commerce. Its NAICS code is 52232 and its SIC code is 6199.