Caxton FX
Caxton FX is a UK FCA-regulated payments and foreign exchange specialist serving nearly 1 million consumer travellers and 2,500+ professional services firms with a Mastercard travel card, international payments to 196 countries, corporate FX, payroll, and expense management.
- Company typePrivate
- Founded2000
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Caxton FX does
Caxton FX (legal entity Caxton Payments Limited) is a UK-regulated payments and foreign exchange specialist headquartered in London at 2 Leman Street. Founded around 2000, the company has operated in the payments industry for 25 years, processing more than £20 billion cumulatively since 2002 and serving nearly 1 million consumer travellers alongside 2,500+ professional services firms. It is dual-authorised by the Financial Conduct Authority (FRN: 431844 for FSMA authorised business and FRN: 900663 for electronic money and payment services), is Cyber Essentials certified, and is registered with the Information Commissioner's Office (Z7413780). Customer funds are safeguarded with tier-1 UK banks including Royal Bank of Scotland.
The company operates a multi-segment platform organised into three principal product lines. The consumer suite is anchored by a zero-fee Mastercard-powered multi-currency travel card, complemented by cash home delivery, a buy-back guarantee, personal international money transfers, multi-currency accounts, FX educational content, and travel extras. The corporate suite spans spot and forward foreign exchange, international payments to 196 countries and territories, currency risk management, payroll and supplier payments, paying-agent services for professional firms, and a business travel and expense management platform with virtual cards across 130+ currencies. A dedicated Family Office service targets high-net-worth clients, and the wholly-owned Nimbl sub-brand extends a prepaid debit card to children aged 6-16. The technical stack combines Mastercard-issued cards via PSI-Pay Ltd, Thredd card processing, Checkout.com payment processing, and a public API (dev.caxton.io) with Xero accounting integration.
Caxton generates revenue primarily through FX margin on currency conversion and card interchange, with consumer travel card usage carrying zero explicit fees and monetisation occurring on the spread between wholesale and retail rates. Distribution is hybrid: direct-to-consumer via the caxton.io website and iOS/Android apps, and sales-led for enterprise clients with named tier-1 customers including BDO, UHY, Arsenal FC, Odeon, Lush, Travelodge, Bright, Holiday Extras, Henderson, and WCA. Marketing leans on content, SEO, and Trustpilot review accumulation rather than paid acquisition. The company is privately held with no parent company or external private equity backing disclosed; its only known capital event is a 2021 Crowdcube raise of approximately $2.2 million. Leadership comprises CEO Rupert Lee-Browne, COO Alana Parsons, and CFO Trevor Price.
Caxton FX firmographics
Firmographics- Name
- Caxton FX
- Legal name
- Caxton Payments Limited
- Website
- https://caxtonfx.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Caxton FX is a UK FCA-regulated payments and foreign exchange specialist serving nearly 1 million consumer travellers and 2,500+ professional services firms with a Mastercard travel card, international payments to 196 countries, corporate FX, payroll, and expense management.
- Ownership category
- akta.pro rank
Caxton FX industry classification
Industry- Product category
- Foreign Exchange and Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)
- akta.pro secondary industries
- FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG), Multibank FX Trading Platforms (FSAFADAC), A2A Cross-Border & FX via Open Banking (FSAMAFAK)
Keywords
Where Caxton FX is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Caxton FX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Travel Card Services: Revenue generated from prepaid travel money cards issued under Mastercard license. Card is provided with zero fees for loading and usage.
- International Payments and Foreign Exchange: Currency exchange and international money transfer services for both personal and business customers, generating revenue through exchange rate margins.
- Business Payment Solutions: Corporate services including payroll payments, supplier payments, and paying agent services for professional services firms.
- Business Travel Cards and Expense Management: Virtual expense cards and business travel cards with spend controls for managing team expenditures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Travel Card - Zero Fee Platform |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
Caxton FX product offering
Product offeringCore offering
Caxton FX is a UK-based foreign exchange and payments company operating under Caxton Payments Limited, providing multi-currency cards, international money transfers, and FX services for both individuals and businesses. The company offers travel money solutions, personal remittance services, business foreign exchange, payroll and supplier payments, currency risk management, and travel and expense management tools. FCA-regulated under reference numbers 431844 and 900663, Caxton has provided FX services since 2002 and serves consumer, SME, and family office clients from London.
Product overview
Caxton FX operates a multi-segment payments platform comprising three core product lines: (1) a consumer Travel Money suite anchored by a free currency card, cash home delivery, and a buy-back guarantee; (2) a Business Payments suite covering foreign exchange, international payments, currency risk management, payroll and supplier payments, paying agent services, and expense/travel card management including virtual expense cards; and (3) a Personal International Payments suite offering money transfers, a multi-currency account, daily market views, rate alerts, and educational tools (Currency TV, FX workshops). The platform is augmented by a Family Office service for high-net-worth clients and a children's debit card (Nimbl) for ages 6–16. All segments share the same underlying FX infrastructure and are unified under a single FCA-regulated entity (FRN: 431844, 900663). The company also provides an API platform for developer and partner integrations.
Differentiator
Problem solved
Functional benefit
Brands
- Nimbl: Children's debit card product for ages 6-16, allowing parents to manage their children's finances with family controls.
Products and services
- Cash Passport (Free Currency Card)
Quantifiable outcome
- 95% corporate client return rate year over year
- +3 more outcomes
Companies that use Caxton FX
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Caxton FX technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Caxton FX partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor, core and flagship.
- ZogominorFinancial education platform referenced in Caxton's Gen Alpha research. Zogo represents a commercial solution built around generational financial preferences that Caxton analyzed in their million-transaction research study.
- MastercardcoreMastercard-powered travel cards providing global acceptance across millions of merchants and ATMs. PSI-Pay Ltd issues cards under Mastercard license. Cards feature zero fees and global accessibility.
- Royal Bank of ScotlandcoreInfrastructure partner providing safeguarding and banking services for customer funds. Part of resilient payment infrastructure.
- PSI-Pay LtdcoreE-money issuer partner that issues Caxton cards pursuant to Mastercard license.
- XerocoreAccounting software integration allowing business clients to automatically reconcile expenses. Featured partner in infrastructure section.
- BDOflagshipTier-1 professional services firm using Caxton for payment services. Featured as flagship customer logo.
- UHYflagshipInternational accounting network using Caxton payment solutions.
- Arsenal FCflagshipPremier League football club partner.
- OdeonflagshipEntertainment chain using Caxton payment services.
- LushflagshipGlobal cosmetics retailer using international payment services.
- TravelodgeflagshipUK hotel chain using travel money and payment services.
- BrightflagshipFinancial services company using Caxton payment solutions.
- Holiday ExtrasflagshipTravel services company partner.
- HendersonflagshipInvestment management firm using payment services.
- WCAflagshipProfessional services firm using Caxton payment solutions.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Caxton FX competitors and assessment
Company assessmentDirect peers
- Equals Money (formerly FairFX): UK-based direct competitor offering prepaid multi-currency travel cards, business expense cards, and international payments. Closest comparable in product mix, customer segments (consumer + corporate), and regulatory standing as a UK e-money institution.
- Wise: Global money transfer and multi-currency account provider serving both consumers and businesses with real-rate FX. Direct overlap with Caxton's personal and business international payment lines and competitive pressure on FX spreads.
- Revolut: Digital banking and multi-currency card provider offering consumer FX cards, business accounts, and expense management. Overlaps with Caxton's travel card, multi-currency account, and business expense card products.
- Remitly: Cross-border remittance and money transfer platform serving consumers and small businesses globally. Comparable in personal international payments and FX spread economics, though more focused on remittance corridors.
- OFX: International money transfer and FX provider focused on businesses and individuals. Highly comparable to Caxton's business FX, international payments, and forward contract services, with a similar target audience of SMEs and corporate clients.
- CurrencyFair: Peer-to-peer currency exchange and international payments platform for individuals and SMEs. Comparable core offering of cross-border FX and money transfers with a similar mid-market positioning.
- WorldRemit: Digital cross-border payments platform focused on remittances and mobile money transfers. Overlaps with Caxton's personal international payments line, especially for emerging-market corridors.
Broad incumbents
- Western Union: Global incumbent in cross-border money transfers and FX. Broader scale and distribution than Caxton but overlapping consumer and business international payment products; represents a legacy competitor benchmark.
- MoneyGram: Large-scale cross-border payments network offering consumer money transfers and bill payments. Overlaps with Caxton's international payments business at the consumer end and operates broader corridors.
Emerging players
- Pleo: European business expense management and virtual corporate card provider. Direct overlap with Caxton's virtual expense card and business expense management modules for SMEs and professional services firms.
Market position
Strengths5 records
Weaknesses2 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Caxton FX social profiles
Digital presenceCaxton FX compliance and trust
Trust signalCompliance2 records
Caxton FX financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caxton FX leadership team
Management profileNumber of profiles
Profiles3 records
Caxton FX subsidiaries and ownership
Company hierarchySubsidiaries1 record
Caxton FX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caxton FX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caxton FX
What does Caxton FX do?
Caxton FX is a UK-based foreign exchange and payments company operating under Caxton Payments Limited, providing multi-currency cards, international money transfers, and FX services for both individuals and businesses. The company offers travel money solutions, personal remittance services, business foreign exchange, payroll and supplier payments, currency risk management, and travel and expense management tools. FCA-regulated under reference numbers 431844 and 900663, Caxton has provided FX services since 2002 and serves consumer, SME, and family office clients from London.
Is Caxton FX a public or private company?
Caxton FX is a private company. It is classified as unknown and is currently operating.
When was Caxton FX founded?
Caxton FX was founded in 2000. It employs 101 to 250 people.
Where is Caxton FX based?
Caxton FX is headquartered in London, United Kingdom, in the Europe region.
How does Caxton FX make money?
Four revenue lines are on record. Travel Card Services are the primary driver. The others are international Payments and Foreign Exchange, business Payment Solutions and business Travel Cards and Expense Management.
Who are Caxton FX's main competitors?
Direct peers on record are Equals Money (formerly FairFX), Wise, Revolut, Remitly, OFX, CurrencyFair and WorldRemit. Broad incumbents are Western Union and MoneyGram. Pleo is listed as an emerging player.
Does Caxton FX have an API?
Yes. Caxton offers a public API integration platform for developers and partners. The site provides access to sandbox environments and API documentation via https://dev.caxton.io/ and https://caxton.io/platform/api. Specific protocol type (REST/GraphQL), authentication method, rate limits, and versioning details are not specified in the available source content. Developer documentation is at dev.caxton.io.
What industry is Caxton FX in?
Caxton FX's product category is Foreign Exchange and Cross-Border Payments. Its primary akta.pro industry code is FSABAAAK, Remittances & Retail FX (Consumer Cross-Border), with a secondary code of FSAGAKAG, FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines). Its NAICS code is 522320 and its SIC code is 6199.