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Conotoxia

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uuid0006o6w

Namestring
Conotoxia
Legal namestring
Conotoxia Ltd
Websiteurl
conotoxia.com
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Conotoxia Holding operates a multi-vertical fintech platform spanning international money transfers, online currency exchange, multi-currency cards, online payments, and Forex trading. The platform is the rebranded continuation of the Polish Cinkciarz brand, with both cinkciarz.pl and Conotoxia.com sharing unified copyright notices under the tagline "Cinkciarz – Historia trwa. Conotoxia - Story Continues." The operating entity, Conotoxia Ltd, is incorporated in Cyprus and historically operated as a Cyprus Investment Firm (CIF) under CySEC authorization, serving retail and institutional forex and currency exchange customers via an online trading platform.

The business model combines brokerage spreads and fees on forex trading with payment, card, and remittance economics across a multi-currency product set, distributed horizontally to retail traders and cross-border payment users. The platform is delivered as an online service with no disclosed mobile app, API, or third-party integrations, and pricing is not publicly disclosed. Marcin Pioro is the founder and CEO, and the firm reports 251-500 employees headquartered in Chicago with a primary Polish-facing brand identity.

The company is in severe regulatory distress: CySEC revoked Conotoxia Ltd's CIF authorization on 2025-12-31, and the Cyprus Investors Compensation Fund withdrew membership on 2026-06-17. The company website publicly states that "Poland's KNF and Prosecutor's Office built a fraud case" against the founders, indicating ongoing criminal proceedings. These regulatory and legal actions materially threaten the core brokerage franchise and the multi-product ecosystem, and they dominate any forward-looking assessment of the business.

Short descriptiontext

Conotoxia operates a multi-vertical fintech platform offering international money transfers, online currency exchange, multi-currency cards, online payments, and Forex trading to retail and institutional customers, serving as the rebranded continuation of Poland's Cinkciarz brand.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersChicago, United States
HQ citystring
Chicago
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
forex trading, currency exchange, international money transfers, multi-currency cards, online payments
Industry2 codes
1Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure
CodeFSAGABAEPrimaryYes
2Identity, KYC/AML & Compliance (SCA/3DS, sanctions screening)
CodeTHALAHAGPrimaryNo
NAICS code2 codes
  • Securities and Commodity Contracts Intermediation and Brokerage5231
  • Securities, Commodity Contracts, and Other Financial Investments and Related Activities523
SIC code2 codes
  • Security Brokers, Dealers & Flotation Companies6211
  • Security & Commodity Brokers, Dealers, Exchanges & Services6200
Product category
Retail Forex Trading
Social media profiles2 records
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Conotoxia Holding enables international money transfers, online currency exchange, multi-currency cards, online payments and Forex trading. The company operates as a Cyprus Investment Firm (CIF) through Conotoxia Ltd, with its primary brand Cinkciarz.pl serving as a rebranded continuation of the Polish fintech platform.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Conotoxia operates as a fintech company offering forex trading and financial services, with its primary Polish-facing brand Cinkciarz. The company operated as a Cyprus Investment Firm (CIF) authorized by CySEC, though this authorization was subsequently revoked. The company describes itself as having built fintech, with operations continuing under the Conotoxia/Cinkciarz brand.

Product and service5 records
1Forex Trading Platform
CategoryForex Trading
2International Money Transfers
CategoryPayment Services
3Online Currency Exchange
CategoryCurrency Exchange
4Multi-Currency Cards
CategoryPayment Cards
5Online Payments
CategoryPayment Processing
Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Revolut
TypeEmerging player
Description

Multi-currency digital banking and money transfer app with FX exchange functionality. Comparable for the multi-currency card and currency exchange offerings.

2XTB
TypeDirect peer
Description

Polish-headquartered retail forex and CFD broker with multi-product trading and currency exchange services. Direct competitor sharing Conotoxia's Polish market origin and similar product set.

3Plus500
TypeDirect peer
Description

Cyprus-incorporated CFD/forex broker listed on the London Stock Exchange. Comparable as a regulated retail broker operating in the same regulatory framework (CySEC) as Conotoxia historically was.

4eToro
TypeDirect peer
Description

Multi-asset retail broker offering forex, CFDs, and multi-currency functionality to retail clients. Comparable as a regulated broker competing for the same retail FX/currency-exchange customer segment.

5Trading 212
TypeDirect peer
Description

CFD and forex broker offering multi-currency accounts to retail investors. Comparable retail-broker focus and product set.

6OANDA
TypeDirect peer
Description

Retail forex broker and currency data provider with multi-currency accounts and money transfer-adjacent services. Direct competitor in retail FX brokerage.

7Wise
TypeEmerging player
Description

Multi-currency account and international money transfer platform. Comparable for the money-transfer and multi-currency card legs of Conotoxia's product set, though without the leveraged FX trading business.

8XM (broker)
TypeDirect peer
Description

CySEC-regulated global forex and CFD broker. Direct comparator as a Cyprus-domiciled retail broker offering the same core product suite.

9AvaTrade
TypeDirect peer
Description

Irish/Cyprus-regulated multi-asset broker offering forex, CFDs, and options. Comparable retail-broker profile under the same CySEC regulatory framework Conotoxia operated within.

10IG Group
TypeDirect peer
Description

Global CFD and forex broker offering multi-asset trading and currency exchange to retail and professional clients. Comparable business model in online leveraged trading.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Conotoxia

Retail Forex Tradingconotoxia.com

Conotoxia operates a multi-vertical fintech platform offering international money transfers, online currency exchange, multi-currency cards, online payments, and Forex trading to retail and institutional customers, serving as the rebranded continuation of Poland's Cinkciarz brand.

What Conotoxia does

Conotoxia Holding operates a multi-vertical fintech platform spanning international money transfers, online currency exchange, multi-currency cards, online payments, and Forex trading. The platform is the rebranded continuation of the Polish Cinkciarz brand, with both cinkciarz.pl and Conotoxia.com sharing unified copyright notices under the tagline "Cinkciarz – Historia trwa. Conotoxia - Story Continues." The operating entity, Conotoxia Ltd, is incorporated in Cyprus and historically operated as a Cyprus Investment Firm (CIF) under CySEC authorization, serving retail and institutional forex and currency exchange customers via an online trading platform.

The business model combines brokerage spreads and fees on forex trading with payment, card, and remittance economics across a multi-currency product set, distributed horizontally to retail traders and cross-border payment users. The platform is delivered as an online service with no disclosed mobile app, API, or third-party integrations, and pricing is not publicly disclosed. Marcin Pioro is the founder and CEO, and the firm reports 251-500 employees headquartered in Chicago with a primary Polish-facing brand identity.

The company is in severe regulatory distress: CySEC revoked Conotoxia Ltd's CIF authorization on 2025-12-31, and the Cyprus Investors Compensation Fund withdrew membership on 2026-06-17. The company website publicly states that "Poland's KNF and Prosecutor's Office built a fraud case" against the founders, indicating ongoing criminal proceedings. These regulatory and legal actions materially threaten the core brokerage franchise and the multi-product ecosystem, and they dominate any forward-looking assessment of the business.

Conotoxia firmographics

Firmographics
Name
Conotoxia
Legal name
Conotoxia Ltd
Website
https://conotoxia.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
251–500 employees
Short description
Conotoxia operates a multi-vertical fintech platform offering international money transfers, online currency exchange, multi-currency cards, online payments, and Forex trading to retail and institutional customers, serving as the rebranded continuation of Poland's Cinkciarz brand.
Ownership category
akta.pro rank

Conotoxia industry classification

Industry
Product category
Retail Forex Trading
NAICS
Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
SIC
Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry
Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
akta.pro secondary industry
Identity, KYC/AML & Compliance (SCA/3DS, sanctions screening) (THALAHAG)

Keywords

  • Forex trading
  • Currency exchange
  • International money transfers
  • Multi-currency cards
  • Online payments

Where Conotoxia is headquartered

Location

Headquarters

HQ city
Chicago
HQ country
United States
HQ region
North America

Markets served

Conotoxia business model

Business model
GTM type
B2C
Offering type
Services

Conotoxia product offering

Product offering

Core offering

Conotoxia Holding enables international money transfers, online currency exchange, multi-currency cards, online payments and Forex trading. The company operates as a Cyprus Investment Firm (CIF) through Conotoxia Ltd, with its primary brand Cinkciarz.pl serving as a rebranded continuation of the Polish fintech platform.

Product overview

Conotoxia operates as a fintech company offering forex trading and financial services, with its primary Polish-facing brand Cinkciarz. The company operated as a Cyprus Investment Firm (CIF) authorized by CySEC, though this authorization was subsequently revoked. The company describes itself as having built fintech, with operations continuing under the Conotoxia/Cinkciarz brand.

Differentiator

Problem solved

Functional benefit

Products and services

  • Forex Trading Platform
  • International Money Transfers
  • Online Currency Exchange
  • Multi-Currency Cards
  • Online Payments

Companies that use Conotoxia

Customer profile

Segments1 record

Conotoxia technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Conotoxia partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights3 records

Conotoxia competitors and assessment

Company assessment

Emerging players

  • Revolut: Multi-currency digital banking and money transfer app with FX exchange functionality. Comparable for the multi-currency card and currency exchange offerings.
  • Wise: Multi-currency account and international money transfer platform. Comparable for the money-transfer and multi-currency card legs of Conotoxia's product set, though without the leveraged FX trading business.

Direct peers

  • XTB: Polish-headquartered retail forex and CFD broker with multi-product trading and currency exchange services. Direct competitor sharing Conotoxia's Polish market origin and similar product set.
  • Plus500: Cyprus-incorporated CFD/forex broker listed on the London Stock Exchange. Comparable as a regulated retail broker operating in the same regulatory framework (CySEC) as Conotoxia historically was.
  • eToro: Multi-asset retail broker offering forex, CFDs, and multi-currency functionality to retail clients. Comparable as a regulated broker competing for the same retail FX/currency-exchange customer segment.
  • Trading 212: CFD and forex broker offering multi-currency accounts to retail investors. Comparable retail-broker focus and product set.
  • OANDA: Retail forex broker and currency data provider with multi-currency accounts and money transfer-adjacent services. Direct competitor in retail FX brokerage.
  • XM (broker): CySEC-regulated global forex and CFD broker. Direct comparator as a Cyprus-domiciled retail broker offering the same core product suite.
  • AvaTrade: Irish/Cyprus-regulated multi-asset broker offering forex, CFDs, and options. Comparable retail-broker profile under the same CySEC regulatory framework Conotoxia operated within.
  • IG Group: Global CFD and forex broker offering multi-asset trading and currency exchange to retail and professional clients. Comparable business model in online leveraged trading.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights4 records

Customer concentration

Conotoxia social profiles

Digital presence

Conotoxia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Conotoxia leadership team

Management profile

Number of profiles

Conotoxia funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Conotoxia M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Conotoxia

What does Conotoxia do?

Conotoxia Holding enables international money transfers, online currency exchange, multi-currency cards, online payments and Forex trading. The company operates as a Cyprus Investment Firm (CIF) through Conotoxia Ltd, with its primary brand Cinkciarz.pl serving as a rebranded continuation of the Polish fintech platform.

Is Conotoxia a public or private company?

Conotoxia is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Conotoxia founded?

Conotoxia was founded in 2014. It employs 251 to 500 people.

Where is Conotoxia based?

Conotoxia is headquartered in Chicago, United States, in the North America region.

Who are Conotoxia's main competitors?

Emerging players on record are Revolut and Wise. Direct peers are XTB, Plus500, eToro, Trading 212, OANDA, XM (broker), AvaTrade and IG Group.

Does Conotoxia have an API?

No public API is recorded for Conotoxia.

What industry is Conotoxia in?

Conotoxia's product category is Retail Forex Trading. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of THALAHAG, Identity, KYC/AML & Compliance (SCA/3DS, sanctions screening). Its NAICS code is 5231 and its SIC code is 6211.

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Cyprus MailCySEC removes firm from register, revokes ICF membershipsCySEC announced that Epamina Corporate Ltd voluntarily waived its authorization to provide administrative services, resulting in the lapse of its licence and removal from the regulator's register as of December 31, 2025. In a separate action, the regulator withdrew the membership of Conotoxia Ltd, TTCM Traders Trust Capital Markets Ltd, and OBR Investments Ltd from the Investors Compensation Fund following the revocation of their Cyprus Investment Firm authorizations. CySEC clarified that affected clients retain their compensation rights for investment operations conducted before the termination of membership.FxnewsgroupCypriot Investors Compensation Fund withdraws membership of Conotoxia, TTCM Traders Trust Capital Markets, OBR InvestmentsThe Cyprus Securities and Exchange Commission announced the Investors Compensation Fund has withdrawn membership from three forex trading companies: Conotoxia Ltd, TTCM Traders Trust Capital Markets Ltd, and OBR Investments Ltd. The withdrawal follows CySEC's prior decision to revoke the Cyprus Investment Firm authorization of these same companies. The article clarifies that covered clients nonetheless retain their compensation rights for investment operations conducted prior to the membership loss.FxnewsgroupCySEC withdraws license of ConotoxiaCySEC withdrew Conotoxia Ltd's investment firm license on December 22, 2025, citing non-compliance with articles 9, 11, 17, and 22 of the Law. The company had its authorization suspended on July 23, 2025, and must now delete all references to its licensing and cease providing investment services.CrowdFund InsiderPolish Fintech Executive Arrested as Thousands of Customers Face $30M LossesMarcin Pióro, a Polish fintech executive, was arrested in Missouri on an Interpol warrant for fraud and money laundering. He faces charges that harmed at least 2,396 customers with losses of about $30.14 million. Polish authorities seek his extradition, and he remains detained pending a magistrate's review.PR NewswirePaiements - un nouveau service pour les utilisateurs de ConotoxiaConotoxia, launched by Cinkciarz, has launched a new online payment service called ConotoxiaPay, allowing customers to pay online purchases in 24 currencies with competitive exchange rates and no transaction fees. The service, intended for both individuals and business partners, will eventually expand to in-store payments across Europe and the United States. ConotoxiaPay is provided by Conotoxia Sp. z o.o., part of Conotoxia Holding Group, following the company's existing forex trading and money transfer offerings.PR NewswirePayments - a New Service for Conotoxia UsersConotoxia, a fintech service introduced by Cinkciarz, has launched ConotoxiaPay, a new online payment system allowing customers to pay for online purchases in 24 currencies. The service targets both individual customers and business partners, offering competitive exchange rates and reduced transaction fees. Conotoxia Holding Group plans to expand ConotoxiaPay to retail stores and extend coverage to all currencies across Europe and the USA in the future.PR NewswireBezahlmethoden - ein neuer Dienst für Conotoxia-NutzerConotoxia, operated by Cinkciarz, has expanded its services by launching ConotoxiaPay, a new payment method allowing customers to shop in 24 currencies. The service enables fee-free payments online and in physical stores across Europe and the USA, targeting both individual consumers and business partners. This expansion builds on previous offerings of foreign exchange trading and money transfers provided by the Conotoxia Holding Group.PR NewswireMoney Transfer - A New Service for Conotoxia UsersConotoxia Sp. z o.o., a payment institution licensed and regulated under the Conotoxia Holding Group, launched a new money transfer service for domestic and international currency transfers. The service, available from April 4th, 2018, offers a 30-day free trial period and allows senders to transfer funds using bank account numbers, email addresses, or phone numbers, with recipients able to deposit funds into bank accounts or currency wallets.PR NewswireTransfert d'argent - Un nouveau service offert aux utilisateurs de ConotoxiaConotoxia, a fintech company launched by Cinkciarz, launched a new international money transfer service on April 4, 2018, enabling users to send transfers in 24 currencies using bank account details, phone numbers, or email addresses. The service will be offered free of charge for the first 30 days as a promotional offer to attract new users. Conotoxia Sp. z o.o.o., the transfer provider and part of Conotoxia Holding group, is authorized and regulated as a payment institution.PR NewswireGeldüberweisung - neuer Service für Conotoxia-NutzerConotoxia, a product of Cinkciarz, has launched a new money transfer service allowing users to send funds in 24 currencies via bank account number, phone number, or email address. The service, which went live on April 4, 2018, offers recipients the option to deposit funds to their bank account or currency wallet, with a 30-day free trial period. Conotoxia Sp. z o.o., a licensed payment institution under the Conotoxia Holding Group, processes the transfers.