What Moneycorp does

Moneycorp is a London-headquartered global payments and foreign exchange company founded in 1979, operating as a private group with FCA-authorised entities (TTT Moneycorp Limited, FRN 308919; Moneycorp Financial Risk Management Limited, FRN 452443), a Gibraltar banking subsidiary (Moneycorp Bank Limited), and a Brazilian banking entity (Moneycorp Banco de Câmbio). The company serves three core client segments: corporate/business clients (~11,000), financial institutions (~250 via the dedicated Financial Institutions Group), and private individuals (~23,000), spanning manufacturing, fashion, agriculture, shipping, travel, property, legal, and financial services verticals across 190+ countries.

The platform offers FX solutions (spot contracts, forward contracts, FX orders, FX options), international payment services (global payments, bulk payments), multi-currency accounts, and risk management tools, accessible via 24/7 self-serve web (business.moneycorp.com) and mobile channels, API integration for corporate treasury workflows, and dedicated relationship management for enterprise and FIG clients. Core technology is being migrated to Temenos's SaaS Model Bank framework (partnership announced May 2025) to consolidate operations across 120+ currencies and 18+ liquidity providers. Distribution combines direct sales, a 150+ partner referral network (property agents, law firms, accountants, IFAs), media partnerships with Telegraph Media Group and News UK, and content/webinar-led demand generation.

The business model is transaction-based: revenue is earned primarily on the spread between client-facing and wholesale FX rates, supplemented by fees on cross-border payment transfers, hedging products, and multi-currency account flows. FY2024 (year ended December 2024) reported £79bn in single-leg trading volume, £231m in revenue, £80m in EBITDA (~35% margin), and an NPS of +72. The group has completed a strategic pivot from retail FX (77 branches closed between 2014 and April 2022) to a digital-first global payments model.

Name

Moneycorp

Legal name

TTT Moneycorp Limited

Website

https://moneycorp.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Moneycorp is a London-headquartered global payments and FX provider founded in 1979, serving 11,000 businesses, 250 financial institutions, and 23,000 private clients across 190+ countries with two banking licences and £79bn annual trading flow.

Ownership category

akta.pro rank

Product category

Foreign Exchange & International Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Foreign exchange services
• International payments
• Currency risk management
• Multi-currency accounts
• Cross-border banking

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. FX Transaction Revenue: Moneycorp earns revenue on the spread between the exchange rate offered to clients and the rate at which it transacts in the wholesale market. Revenue is transaction-based and scales with trading volume (£79bn in 2024 flow).
2. International Payment Services: Fees charged for executing cross-border payment transfers, often bundled with FX conversion. Volume is driven by corporate clients making supplier payments, payroll, and repatriation transfers, and private clients transferring funds internationally.
3. Multi-Currency Account Management: Business and personal clients hold multi-currency accounts enabling them to receive, hold, and pay in multiple currencies, with revenue derived from exchange margins on in/out flows.
4. FX Hedging Products (Forward Contracts, FX Options): Revenue from selling risk management tools (Forward Contracts, FX Options) to corporate clients seeking to lock in exchange rates or cap exposure, priced into the contract terms.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels7 records

Core offering

Moneycorp provides cross-border payments and foreign exchange solutions to corporate clients, financial institutions (250 served via the FIG program) and private customers (23,000). Core offerings include FX transactions (Spot, Forward, FX Orders, FX Options), international payments (including Bulk Payments via API), Multi-Currency Accounts, and dedicated sector expertise — delivered through a 24/7 online platform, mobile app, and dedicated relationship managers, with £79bn of trading flow processed in 2024.

Product overview

Moneycorp offers a unified platform of global payments and foreign exchange solutions across three main client segments: Corporate (businesses), Financial Institutions (FIG), and Private Clients. The core offering centers on FX risk management tools including Spot Contracts, Forward Contracts, FX Orders, and FX Options, complemented by international payment services (Global Payments, Bulk Payments) and Multi-Currency Accounts. For personal clients, Moneycorp provides International Transfers, Regular Payments, and Target a Rate features. The platform is built on Temenos SaaS technology and offers API integration capabilities for enterprise clients. The company also operates Moneycorp Bank (Gibraltar) and runs a Referral Partner Program. Recent developments include exit from retail operations (Explorer Card products) and migration to Temenos Model Bank framework for global scalability across 190+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Explorer Multi-Currency Mastercard: Prepaid multi-currency Mastercard card product (being phased out as part of retail exit). Available in Red and White variants.

Products and services

• FX Solutions (Foreign Exchange)

Quantifiable outcome

• Net Promoter Score of +72 (December 2024)
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• TemenoscoreTechnology or Integration · 22 May 2025Moneycorp selected Temenos as its SaaS technology partner to support global growth across operations in 190+ countries. Moneycorp will migrate its core banking and payments infrastructure to Temenos's SaaS Model Bank framework, enabling faster product deployment, improved scalability, reduced deployment risk, and multi-jurisdiction compliance.
• Property Agents, Law Firms, Accountants, Financial Advisors (Referral Partner Network)coreChannel Partner/ Reseller/ DistributorMoneycorp's Referral Partner Program engages thousands of businesses including property agents, law firms, accountants, and independent financial advisors who refer their clients to Moneycorp for FX and international payment services. Partners earn commission per successful referral (£75 personal, £100 business). The company has over 150 dedicated business partners in this program.
• Telegraph Media GroupminorGTM or Marketing PartnerMoneycorp provides its international payment services to and on behalf of Telegraph Media Group, generating client referrals and co-branded editorial content.
• News UKminorGTM or Marketing PartnerMoneycorp provides its international payment services to and on behalf of News UK, generating client referrals and editorial co-operation.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Wise (formerly TransferWise): Public consumer/SMB-focused cross-border payments and multi-currency platform. Direct competitor to Moneycorp's private client and SMB payments business, with overlapping products (international transfers, multi-currency accounts) and a similar API-driven proposition.
• OFX (OzForex): Public Australia-headquartered FX and international payments provider serving individuals, businesses, and online sellers with transfers in 50+ currencies. Closely comparable in business model (FX spread revenue), client segmentation, and global reach to Moneycorp.
• Ebury: UK-based fintech providing FX and cross-border payments focused on SMEs, acquired by Santander. Directly comparable business model and SMB target market to Moneycorp's Corporate segment, with FX hedging and international payment services.
• EquMoney (Equals Money, formerly FairFX): UK-listed provider of FX, international payments, prepaid cards, and multi-currency accounts for SMEs and consumers. Direct competitor in Moneycorp's home UK market with overlapping products including bulk payments and travel money cards.
• Revolut: UK-headquartered neobank offering multi-currency accounts, international transfers, and FX in 30+ currencies to consumers and SMBs. Overlaps with Moneycorp in the personal client segment and increasingly in SME FX, putting competitive pressure on spreads.
• TorFX: UK-based FX and international payments specialist serving personal and business clients, owned by Fiera Group. Highly comparable business model and target customer base (SME importers/exporters, emigrants, property buyers) as Moneycorp.
• WorldFirst: Ant Group-owned international payments and FX platform serving SMBs, e-commerce sellers, and marketplaces. Directly comparable cross-border payments and multi-currency offering for SMBs and online traders.
• Currencies Direct: UK-headquartered FX and international payments specialist focused on private clients and businesses. Overlaps with Moneycorp on personal transfers, property purchase FX, and SMB international payments, with similar regulatory and licensing approach.

Broad incumbents

• Western Union: Global incumbent in consumer cross-border money transfers and payments. While oriented to consumer remittances, it competes with Moneycorp in personal international payments corridors and provides a benchmark for the broader cross-border payments space.
• MoneyGram: Global cross-border P2P payments and money transfer operator with consumer remittance focus. Competes with Moneycorp's private client international payments business, particularly in retail-funded corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/moneycorp
• YouTubeyoutube.com/user/moneycorp
• Facebookfacebook.com/Moneycorp
• LinkedInlinkedin.com/company/moneycorp
• Instagraminstagram.com/moneycorp

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A4 records

Investments

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

Frequently asked questions about Moneycorp