Conotoxia
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.
- Company typePrivate
- Founded2014
- HeadquartersChicago, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
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
Where Conotoxia is headquartered
LocationHeadquarters
- 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 offeringCore 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 profileSegments1 record
Conotoxia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Conotoxia partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights3 records
Conotoxia competitors and assessment
Company assessmentEmerging 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 presenceConotoxia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Conotoxia leadership team
Management profileNumber of profiles
Conotoxia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Conotoxia 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 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.