FEXCO

Name

FEXCO

Legal name

Fexco Limited Company

Website

https://fexco.com/

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Cross-Border Payments and Foreign Exchange

NAICS

Finance and Insurance (52)

akta.pro primary industry

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

akta.pro secondary industries

Travel Merchant Acquiring & Payment Orchestration (PSPs, gateways) (THALAHAA), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Cross-border payments
• Dynamic currency conversion
• Payment orchestration
• Retail foreign exchange
• Aviation emissions intelligence

Headquarters

HQ city

Killorglin

HQ country

Ireland

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D

Revenue model

1. Dynamic Currency Conversion (DCC): Revenue generated from upfront conversion of foreign transactions for acquirers and merchants across POS, ecommerce, and ATM channels; margin-based with daily settlement and guaranteed commission under Fexco Protect.
2. Payment Orchestration (payUnite): SaaS-based payment orchestration platform monetised through transaction fees and value-added services such as managed DCC/MCP, fraud screening, tokenisation, and acquirer routing; serves cruise, airlines, hospitality, and retail.
3. Retail Foreign Exchange & Remittances: Income from buy/sell currency exchange operations across an extensive high-street travel money network in the UK, Ireland and the Pacific, offering 0% commission and a wide range of currencies.
4. International Payments (B2B & B2C): Cross-border payables and receivables for corporates, SMEs, technology providers and personal transfers; revenue from FX margin and per-transaction fees across 165+ currencies into ~200 countries.
5. Asset Finance: Leasing, hire purchase, car finance, and SBCI business/energy efficiency loans for Irish SMEs; revenue from interest spread and finance charges.
6. Business Services (Managed, Advisory, Property, Aviation, OMC Claims): Revenue from outsourced operational delivery, expert advisory, property management (FPS, Burren, Renata, Bellharbour, Remus, IPM, PICA), aviation managing agent services, and insurance loss assessment services.
7. Property Services & PICA Group (Australia): Property management fees from developer, freeholder, RMC clients across England and Wales and Australia (PICA Group: 29 branch offices, 200,000 lots across 10,500 strata schemes).
8. Aviation Services (Managing Agent): Fees from acting as managing agent in aviation leasing, providing New Business Set-up, Company Secretarial, Accounting & Tax, and Cash Management/Waterfall services for entities managing $12bn+ in aviation assets and 189+ aircraft.
9. PACE Software & Data Services: Licensing and subscription revenue from the PACE aviation emissions intelligence platform and PACE Airports / PACE BlueSkies data products used by banks, lessors, underwriters, airports, airlines and business travellers.
10. Strategic Investments & Co-Ownership: Investment income and consolidation from strategic equity stakes such as the KSN Project Management investment and the joint ownership of the PICA Group with Nippon Kanzai.

Pricing tiers

Go-to-market motion1 record

Distribution channels10 records

Marketing channels12 records

Core offering

FEXCO is a diversified financial and business solutions group that sells Dynamic Currency Conversion (DCC) and payment orchestration (payUnite) technology to acquirers, merchants, PSPs and cruise operators globally. It also operates retail foreign exchange and remittance storefronts (Sainsbury's Travel Money, No1 Currency, CEC, Thomas Global Exchange, Best Foreign Exchange), provides cross-border B2B international payments in 165+ currencies, delivers asset finance to Irish SMEs, and runs managed, advisory, property, aviation and insurance claims services through its Business Services division.

Product overview

Fexco is a diversified fintech and business services group organised as a platform-plus-modules architecture across three core divisions: Payments & FX, Business Services, and New Ventures. The Payments & FX division is anchored by Dynamic Currency Conversion (DCC) — a flagship currency conversion solution that powers acquirers, merchants, ATMs, and ecommerce — alongside Retail FX & Remittances (with sub-brands such as Sainsbury's Travel Money, No1 Currency, CEC Ltd, Thomas Global Exchange, Best Foreign Exchange, and Fexco Currency), International Payments (Fexco International Payments with API integration), the payUnite payment orchestration platform, and Asset Finance (Fexco Asset Finance). The Business Services division spans Managed Services, Advisory Services, Property Services (including Fexco Property Management Services, Burren Asset Management, Renata Residential, Bellharbour, Remus, Inspired Property Management, and the PICA Group in Australia), OMC Claims (Ireland's leading loss assessors), and Aviation Services (Fexco Aviation Services, a managing agent in aviation leasing). The New Ventures division drives innovation through the PACE aviation emissions intelligence platform, SmartAssist AI, and the RDI Hub accelerator. All divisions operate under a unified Fexco Group strategy grounded in Fresh Thinking, ESG, and a 40+ year heritage of delivering FX and payments solutions to partners across 50+ markets.

Differentiator

Problem solved

Functional benefit

Brands

• payUnite: Payment orchestration platform from Fexco, powering over one-third of the global cruise market; unifies payment channels, simplifies cross-border transactions, and delivers multi-currency pricing and DCC.
• PACE
• RDI Hub
• SmartAssist AI
• Fexco Asset Finance
• Fexco International Payments
• Fexco Aviation Services
• Fexco Property Services
• OMC Claims
• No1 Currency
• Fexco Currency
• Fexco Managed Services
• Fexco Advisory Services

Products and services

• Dynamic Currency Conversion (DCC) Flagship currency conversion solution that enables international customers to pay in their home currency with full disclosure of exchange rate and margin at POS, ecommerce checkout, and ATM; powers transactions for acquirers and merchants globally.
• payUnite Payment Orchestration

Named customers45 records

Segments20 records

Ideal customer profiles8 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability13 records

Feature8 records

Partnerships

25 partnerships are on record, tiered core, flagship and minor.

• KSN Project ManagementcoreStrategic or Co-development Partner · 4 June 2026Fexco announced a strategic investment in construction consultancy KSN Project Management, strengthening its Business Services division and expanding its positioning in property, built environment, and sustainability sectors across Ireland and the UK. KSN delivers multi-disciplinary construction consultancy for critical public/private infrastructure projects. CEO Neil Hosty cited strong cultural alignment between the two companies as a foundation.
• 1stopVATcoreTechnology or Integration · 4 June 2026Direct integration with 1stopVAT tax compliance platform delivers automated FX controls, faster settlement, real-time reconciliation, and regulatory-ready reporting that supports VAT and GST obligations across jurisdictions for cross-border e-commerce vendors and digital service providers.
• VisaflagshipTechnology or Integration · 26 March 2026Fexco's Dynamic Currency Conversion (DCC) solution is now available through the Visa Acceptance Platform, supporting more than 200 acquirers globally. The integration enables cardholders to view transaction amounts in their home currency at point of sale and online checkout. CEO Sean Crowe described the partnership with Visa as a significant milestone combining Fexco's DCC expertise with Visa's global acceptance infrastructure.
• MastercardflagshipTechnology or Integration · 26 March 2026Fexco DCC integrates with Mastercard Payment Gateway Services (MPGS) and the Mastercard Acceptance Platform, extending DCC across the Mastercard network including Sri Lanka's first online DCC solution. Fexco is a Trusted Partner across Mastercard's payments and FX ecosystem.
• PayPalflagshipStrategic or Co-development Partner · 12 March 2026Multi-million euro strategic partnership and investment enabling merchants on Fexco's payUnite platform to integrate PayPal Checkout, Venmo, and PayPal Pay Later. Targets US expansion in hospitality, airlines, and retail sectors through Fexco's payment orchestration platform.
• Bank MuscatcoreChannel Partner/ Reseller/ Distributor · 1 March 2026Bank Muscat and Fexco Partnership Extended Nationwide Across Bank Muscat ATMs in the Sultanate of Oman, providing international ATM users with DCC for cash withdrawals in their home currency.
• Kerry FCminorGTM or Marketing Partner · 24 February 2026Fexco announced as lead sponsor of Kerry FC's newly launched Women's Development Team competing in the inaugural Women's Development League under the League of Ireland starting in 2026.
• Commercial Bank of Ceylon (ComBank)coreChannel Partner/ Reseller/ Distributor · 31 December 2025Partnered with Mastercard and Fexco to launch Sri Lanka's first Dynamic Currency Conversion for online payments via the MPGS platform. Enables international cardholders to pay in their home currency at online checkout, supporting travel, hospitality, and leisure merchants. The solution extends ComBank's existing POS DCC service (since 2019) into ecommerce.
• Standard Bank South AfricaflagshipChannel Partner/ Reseller/ Distributor · 29 October 2025Partnership to deploy Fexco's Dynamic Currency Conversion (DCC) solution across Standard Bank's merchant network. The rollout covers over 16,000 merchants, positioning Fexco to capture 75% of the South African acquiring market. DCC allows international cardholders to pay in their home currency at point of sale.
• Sainsbury'sflagshipChannel Partner/ Reseller/ Distributor · 30 July 2025Fexco Group acquired Sainsbury's Travel Money in the UK, expanding its retail foreign exchange footprint to over 460 locations and integrating Sainsbury's 220 travel bureaux. Integration expected to be completed by early 2026 with continued use of the Sainsbury's brand and services. The brand is connected to Sainsbury's 23+ million Nectar loyalty members.
• Maya (Philippines)coreChannel Partner/ Reseller/ Distributor · 6 November 2024Partnership to deploy Fexco's Dynamic Currency Conversion technology across Maya Business's merchant network in the Philippines. DCC is now available across approximately 112,000 in-store terminals nationwide, allowing international customers to pay in their home currency at point of sale. Timed to capitalise on the Philippines' growing tourism sector.
• Aer LingusflagshipStrategic or Co-development Partner · 1 January 1996Co-developer of Dynamic Currency Conversion (DCC) technology with Fexco and AIB Merchant Services in 1996, initially targeting the hospitality industry and later expanding through Aer Lingus's eCommerce platform to become a standard feature in international transactions.
• AIB Merchant ServicesflagshipStrategic or Co-development Partner · 1 January 1996Co-developer of Dynamic Currency Conversion (DCC) technology with Fexco and Aer Lingus in 1996, pioneering what has become a standard payment solution in international transactions.
• TEKenablecoreStrategic or Co-development PartnerFexco Managed Services and TEKenable Strategic Partnership To Create 75 Jobs, supporting expansion of customer contact management and digital services in Ireland.
• SEAI (Sustainable Energy Authority of Ireland)coreStrategic or Co-development PartnerFexco's Managed & Advisory Services 15 Year Partnership with SEAI, delivering sustained advisory and operational support across Ireland's energy efficiency programmes.
• Junior Achievement Ireland (JAI)minorOthersOngoing partnership with Junior Achievement Ireland, a national non-profit equipping young people with skills, confidence, and mindset to succeed in life and future careers. Fexco volunteers bring classroom learning to life across Marketing, HR, Technology, and Software Engineering.
• Nippon Kanzai Co., Ltd.flagshipStrategic or Co-development PartnerPICA Group and its companies are jointly owned by Fexco and Nippon Kanzai Co., Ltd., combining Fexco's property services expertise with Nippon Kanzai's capabilities across the Australian strata and community title management market (29 branches, 200,000 lots).
• RDI Hub Partners (Munster Technological University, Kerry County Council, Enterprise Ireland)coreStrategic or Co-development PartnerThe RDI Hub is a not-for-profit innovation partnership between Fexco, Munster Technological University, Kerry County Council, and Enterprise Ireland, co-located at Fexco's Killarney Road campus in Killorglin, supporting startups, scaleups, SMEs, and corporate partners.
• FinixcoreTechnology or IntegrationFinix listed as a payUnite payment orchestration partner, supporting the platform's ecosystem of payment providers, value-added services, and merchant tools.
• Chargeback GuruscoreTechnology or IntegrationChargeback Gurus integrated into the payUnite ecosystem to support fraud and chargeback management capabilities for merchants and PSPs.
• NexicoreTechnology or Integration
• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union listed as a Trusted Partner on Fexco's Payments & FX page, supporting international remittance and FX services across Fexco's network.
• BarclaycardcoreChannel Partner/ Reseller/ DistributorBarclaycard listed as a Trusted Partner on Fexco's Payments & FX page, supporting card-accepting merchants within Fexco's payment solutions ecosystem.
• Global PaymentscoreTechnology or IntegrationGlobal Payments listed as a Trusted Partner on Fexco's Payments & FX page, integrated within the payments technology ecosystem.
• Verifone

Scale indicators21 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Adyen: Global payment orchestration and processing platform serving enterprise merchants with unified online, in-store, and platform payments. Directly comparable to payUnite in payment orchestration and to FEXCO DCC at POS, with overlapping verticals (hospitality, retail, travel) and similar target buyers.
• Nuvei: Montreal-headquartered payment technology provider offering acquiring, fraud, alternative payment methods, and DCC/MCP to merchants globally. Closely comparable to payUnite and FEXCO DCC, particularly in travel, hospitality, and ecommerce, with a similar enterprise sales motion.
• Stripe: Global payment orchestration and processing platform for online and in-person commerce, with a deep API stack. Competes with payUnite in payment orchestration and is a key competitor as FEXCO enters US enterprise verticals through PayPal.
• Travelex: Global specialist in retail foreign exchange, travel money, and international payments with thousands of branch and partner locations. The most direct competitor to FEXCO's retail FX brands (No1 Currency, CEC, Thomas Global Exchange, Best Foreign Exchange, Sainsbury's Travel Money).

Broad incumbents

• Global Payments Inc. US-listed payments giant with merchant acquiring, gateway, and vertical software capabilities. Overlaps with FEXCO's DCC and international payments distribution, and is a Trusted Partner listed on FEXCO's Payments & FX page; competes for the same acquirer and merchant relationships.
• Worldline: European payment service provider offering acquiring, merchant services, and financial processing. Listed as a Trusted Partner on FEXCO's site and competes for European acquirer and merchant relationships; broader in scope but overlapping in DCC and cross-border processing.
• Western Union: Global money transfer, retail FX, and cross-border payments operator with extensive agent network. A FEXCO Trusted Partner; comparable in retail FX, remittances, and international payments, with overlapping target customer segments.

Emerging players

• Revolut: Digital-first super-app offering multi-currency accounts, FX, remittances, and payments to consumers and SMEs. Threatens FEXCO's retail FX and international payments economics with a low-cost, mobile-first proposition.
• Wise: Cross-border payments platform offering near-mid-market FX to consumers and businesses via API and consumer apps. Directly comparable to FEXCO International Payments for SME and corporate cross-border flows, and increasingly a competitor in B2B payments.
• Finix: US payment orchestration and infrastructure provider enabling platforms and ISVs to embed payments. Listed as a payUnite ecosystem partner, with overlapping ISV and PSP target segments and a similar modular API architecture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fexco
• Xx.com/fexcogroup
• Facebookfacebook.com/FEXCO

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FEXCO