Privalgo
Privalgo is a UK-founded, FCA-authorized Electronic Money Institution that provides international payments, FX, multi-currency accounts, and hedging services to corporate clients and high-net-worth individuals across 95+ countries and 140+ currencies.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Privalgo does
Privalgo is an FCA-authorized Electronic Money Institution headquartered in London that provides international payment and foreign exchange services to corporate clients and high-net-worth individuals. Founded in 2018, the company operates a cloud-based payments platform—built entirely in-house rather than via white-label—that supports multi-currency accounts (40+ currencies), batch payments, virtual IBANs, e-wallets, FX hedging (forwards, market orders), and API-based workflow automation. The platform processed £5.7bn in 2025 across 95+ countries and 140+ currencies, settling over 100,000 payments per month through a dedicated relationship-manager-led distribution model paired with a self-serve client portal, and operates a proprietary back-office system (RockIt) developed internally by its settlements and finance teams.
The company generates revenue primarily through transaction-based spreads on FX conversions, structured as a transparent percentage of each transaction rather than flat or hidden fees, augmented by margin from forward contracts and hedging products. Its target segments include UK and European corporates with cross-border payment needs (importers, exporters, property purchasers, payroll operators) and HNW individuals handling international property and lifestyle transactions abroad. Operations run through three regulated entities: Privalgo Limited (FCA EMI, ref. 900887), Privalgo Markets Limited (FCA ref. 950964), and Privalgo B.V. (DNB EMI, ref. R196968), with EU passporting enabled through the Amsterdam office launched in 2025.
The business is founder-controlled with no disclosed external venture or private equity backing. Leadership includes CEO and Co-Founder Dan Biggs, Chairman Stewart Blake, and Co-Founder/Director Richard Chunn, supported by EU Managing Director Ronald Wallroth and Director of Compliance EU Walter Hendriks. Headcount has scaled from 7 employees at founding to 65+ by 2023, and recent strategic activity has centred on EU market expansion via the Dutch EMI licence, deepening counterparty reach through the ClearBank multi-currency integration, and broadening technical capability through API-driven payment automation.
Privalgo firmographics
Firmographics- Name
- Privalgo
- Legal name
- Privalgo Limited
- Website
- https://privalgo.co.uk
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Privalgo is a UK-founded, FCA-authorized Electronic Money Institution that provides international payments, FX, multi-currency accounts, and hedging services to corporate clients and high-net-worth individuals across 95+ countries and 140+ currencies.
- Ownership category
- akta.pro rank
Privalgo industry classification
Industry- Product category
- International Payments & FX Services
- NAICS
- Activities Related to Credit Intermediation (5223)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Privalgo is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Privalgo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Foreign Exchange Transaction Fees: Privalgo makes money by taking a small percentage of each transaction. The percentage varies depending on the currencies traded and the amount being converted. Unlike banks and many FX brokers, they do not charge hidden or flat fees. Complete transparency on exchange rates with exact prices shown for currency buy/sell.
- FX Risk Management Products: Revenue generated from forward contracts, hedging solutions, and market order services for corporate clients managing currency exposure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transparent transaction-based pricing with no flat fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Privalgo product offering
Product offeringCore offering
Privalgo provides an intelligent international payments platform for businesses and high net worth individuals, combining cross-border payment execution, FX risk management (forwards, hedging, Market Orders), multi-currency accounts, e-wallets and virtual IBANs. Services are delivered through a dedicated relationship-manager model supported by a proprietary cloud platform and self-serve client portal, operating under FCA and De Nederlandsche Bank Electronic Money Institution authorisations.
Product overview
Privalgo is an intelligent international payments platform offering a unified product portfolio built around the Privalgo Account — a single platform providing five integrated capabilities (Collect, Send, Manage, Access, and Connect). The platform processes over £5.7bn annually across 95+ countries, supporting 140+ currencies. Core services include FX Risk Management (hedging, forward contracts, Market Orders), International Payments, Multi-Currency Accounts, E-Wallets, and Virtual IBANs, all accessible through the Client Portal. A dedicated API integration capability (Connect) enables enterprise automation. Privalgo operates as an FCA-authorised Electronic Money Institution (not a bank) and has expanded to the EU via Privalgo B.V. with Dutch EMI licence.
Differentiator
Problem solved
Functional benefit
Products and services
- International Payments Core international payment service that moves money globally through optimal routes at scale, processing over £5.7bn in 2025 for businesses requiring cross-border execution.
- FX Risk Management Hedging solutions including forward contracts and Market Order capabilities that protect businesses against exchange rate volatility and currency fluctuations.
- Multi-Currency Accounts Account functionality allowing businesses to hold and manage funds in over 40 currencies with full visibility of balances and transactions.
- E-Wallets Electronic wallet service enabling clients to hold funds securely for as long as needed and schedule delivery on a later date.
- Virtual IBANs Virtual International Bank Account Number service providing businesses with virtual bank accounts for receiving international payments across multiple currencies and regions.
- Personal Currency Solutions Individual/personal currency services for high net worth individuals including property buyers, expats, and retirees needing international payment solutions such as overseas property purchases, holiday home financing, and large currency conversions.
Quantifiable outcome
- 68% year-over-year increase in payment volume in 2024
- +4 more outcomes
Companies that use Privalgo
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Privalgo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Privalgo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ClearBankcoreIntegration with ClearBank's multi-currency solution expanded Privalgo's counterparty network. The integration provides more payment routes for efficiency and reliability, reduces risk of delays with multiple payment channels, and enables cost-cutting through fee-avoiding routes. Clients benefit from faster, more reliable global payments without any change to their experience.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Privalgo competitors and assessment
Company assessmentBroad incumbents
- MoneyGram: MoneyGram is a global money transfer and payments incumbent expanding into digital cross-border B2B payments, representing a broader-competitor presence in the same end market.
- Western Union Business Solutions: Western Union's business solutions division provides international payments and FX risk management to mid-market and enterprise clients, competing in the same corporate segment as Privalgo with a broader global franchise.
Direct peers
- Nium: Nium provides embedded cross-border payments, multi-currency wallets, and issuing infrastructure via API, comparable to Privalgo's Connect/API and multi-currency account capabilities.
- Airwallex: Airwallex offers multi-currency business accounts, FX, and cross-border payments with API integration, mirroring Privalgo's Collect/Send/Manage/Access/Connect value proposition for digitally native corporates.
- Wise: Wise offers multi-currency accounts and low-cost cross-border payments to both consumers and businesses, directly competing with Privalgo's core cross-border FX and multi-currency account proposition for UK and EU corporates.
- OFX: OFX provides international payments and FX risk management primarily to SMEs and mid-market businesses, overlapping directly with Privalgo's forward contracts, hedging, and international payments offerings.
- Equals Money: Equals Money is a UK-listed FX and payments specialist serving businesses and high-net-worth clients with multi-currency cards, international payments and FX hedging — a closely comparable UK-focused competitor.
- Currencycloud: Currencycloud (Visa-owned) provides cross-border payments infrastructure and multi-currency wallets via API, closely matching Privalgo's B2B cross-border platform and Connect/API capabilities.
- Cambridge Global Payments (FLEETCOR): Cambridge Global Payments delivers international payments and FX risk management to mid-market and enterprise businesses — a direct competitor in the same corporate FX/payments segment Privalgo targets.
Emerging players
- Revolut Business: Revolut Business offers multi-currency accounts, international payments and FX to SMEs and corporates, partially overlapping Privalgo's proposition while serving a broader consumer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Privalgo social profiles
Digital presencePrivalgo compliance and trust
Trust signalCompliance5 records
Privalgo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Privalgo leadership team
Management profileNumber of profiles
Profiles11 records
Privalgo subsidiaries and ownership
Company hierarchySubsidiaries2 records
Privalgo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Privalgo 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 Privalgo
What does Privalgo do?
Privalgo provides an intelligent international payments platform for businesses and high net worth individuals, combining cross-border payment execution, FX risk management (forwards, hedging, Market Orders), multi-currency accounts, e-wallets and virtual IBANs. Services are delivered through a dedicated relationship-manager model supported by a proprietary cloud platform and self-serve client portal, operating under FCA and De Nederlandsche Bank Electronic Money Institution authorisations.
Is Privalgo a public or private company?
Privalgo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Privalgo founded?
Privalgo was founded in 2018. It employs 11 to 50 people.
Where is Privalgo based?
Privalgo is headquartered in London, United Kingdom, in the Europe region.
How does Privalgo make money?
Two revenue lines are on record. Foreign Exchange Transaction Fees are the primary driver. The others are FX Risk Management Products.
Who are Privalgo's main competitors?
Broad incumbents on record are MoneyGram and Western Union Business Solutions. Direct peers are Nium, Airwallex, Wise, OFX, Equals Money, Currencycloud and Cambridge Global Payments (FLEETCOR). Revolut Business is listed as an emerging player.
Does Privalgo have an API?
Yes. Privalgo offers API-based integration capabilities through its 'Connect' capability, enabling clients to automate payment workflows and integrate directly with their existing systems. The platform provides login and registration portals at https://portals.privalgo.co.uk/auth/register and https://portals.privalgo.co.uk/auth/login respectively. The API enables businesses to programmatically send international payments, manage currency conversions, and access multi-currency account functionalities. No public API documentation URL, SDK languages, or detailed technical specifications are provided in the available sources.
What industry is Privalgo in?
Privalgo's product category is International Payments & FX Services. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 5223.