Cornhill International Payments
Cornhill International Payments was a UK-based foreign exchange specialist serving cross-border payment and FX needs. Founded in 2007 and headquartered in London, the firm was acquired by iBanFirst in 2025 and now operates within the iBanFirst platform ecosystem.
- Company typePrivate
- Founded2007
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cornhill International Payments does
Cornhill International Payments was a UK-based foreign exchange specialist founded in 2007 and headquartered in London, serving cross-border payment and FX needs for UK clients. The firm operated at a small scale (11-50 employees) within the regulated UK payments ecosystem, with its primary activity centered on foreign exchange services for businesses. Specific details about Cornhill's proprietary products, technology stack, pricing structure, and customer segments were not publicly disclosed prior to or at the time of its acquisition.
In 2025, Cornhill was acquired by iBanFirst Limited, a UK-authorized Electronic Money Institution (FRN: 1001629) and pan-European international payments and FX risk management platform. The acquisition positions Cornhill within the iBanFirst ecosystem, which offers augmented multi-currency accounts, cross-border payment execution, real-time international payment tracking, and deliverable forward FX contracts for FX risk management. Through the iBanFirst platform, former Cornhill clients gain access to SWIFT-enabled international wire transfers and SEPA-certified European payment rails. The combined entity emphasizes a hybrid service model pairing platform technology with dedicated account managers for FX strategy support.
Cornhill's business model and revenue mechanics prior to acquisition are not disclosed in available sources. Post-acquisition, Cornhill operates as a brand within iBanFirst's broader portfolio, with no independent operating metrics publicly reported. The company's co-founder Billy Holliday is referenced as founding leadership, but no current management team, investor base, or financial disclosures are available for Cornhill as a standalone entity. Regulatory compliance now flows through iBanFirst's FCA authorization, SWIFT membership, and SEPA certification framework.
Cornhill International Payments firmographics
Firmographics- Name
- Cornhill International Payments
- Legal name
- Cornhill International Payments
- Website
- https://cornhillfx.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Cornhill International Payments was a UK-based foreign exchange specialist serving cross-border payment and FX needs. Founded in 2007 and headquartered in London, the firm was acquired by iBanFirst in 2025 and now operates within the iBanFirst platform ecosystem.
- Ownership category
- akta.pro rank
Cornhill International Payments industry classification
Industry- Product category
- Foreign Exchange & International Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Other Nondepository Credit Intermediation (52229)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), International Wire Transfer Processing (SWIFT/Correspondent Banking) (FSAMAHAB)
Keywords
Where Cornhill International Payments is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Cornhill International Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Cornhill International Payments product offering
Product offeringCore offering
Cornhill International Payments is a UK-based foreign exchange specialist that provided international payment and FX services to businesses with cross-border payment needs. Following its acquisition by iBanFirst, it operates within iBanFirst's platform, offering augmented currency accounts, cross-border payments, international payment tracking, and currency risk management solutions.
Product overview
Cornhill International Payments is a UK-based foreign exchange specialist. Following its acquisition by iBanFirst, it operates as part of the iBanFirst platform ecosystem. iBanFirst offers a unified payment platform with human expertise for international payments and FX risk management, serving businesses with complex cross-border payment needs. The product portfolio includes augmented currency accounts, cross-border payments, international payment tracking, and currency risk management modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Cornhill International Payments (FX & International Payments Service) Foreign exchange and international payment services for UK businesses, including currency exchange, cross-border payments, and FX risk management.
- Augmented Currency Accounts Multi-currency business accounts that businesses can open in minutes via the iBanFirst platform, serving cross-border businesses needing to hold and manage balances in multiple currencies.
- Cross-Border Payments International business payments service enabling companies to send, receive and track payments in multiple currencies from a single dashboard.
- Currency Risk Management FX risk management solutions, including deliverable forward payment contracts, designed to help businesses protect margins, improve budget forecasting, and minimise exchange rate exposure.
- International Payment Tracking Real-time tracking of cross-border business payments via the platform dashboard, providing visibility comparable to parcel tracking.
Companies that use Cornhill International Payments
Customer profileIdeal customer profiles2 records
Cornhill International Payments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cornhill International Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- iBanFirstcoreiBanFirst announced the acquisition of Cornhill, the UK-based foreign exchange specialist. This acquisition strengthens iBanFirst's presence in the UK FX market and expands its customer base and capabilities in international payments and currency risk management services.
Scale indicators1 record
Recent moves4 records
Expansion highlights4 records
Cornhill International Payments competitors and assessment
Company assessmentDirect peers
- iBanFirst: iBanFirst is the direct acquirer of Cornhill and operates an overlapping B2B cross-border payments and FX risk management platform across Europe, including the UK market Cornhill served.
- OFX: OFX is a global B2B-focused FX and international payments provider with strong UK presence, targeting SMEs with currency risk management and cross-border wires - a near-identical proposition to Cornhill.
- Wise (formerly TransferWise): Wise offers multi-currency accounts and cross-border payments for businesses and consumers globally, directly competing with Cornhill's FX and international payment services in the UK.
- Ebury: Ebury (owned by Santander) provides cross-border payments, FX and trade finance to SMEs in the UK and Europe, directly overlapping Cornhill's target customer and product set.
- Currencycloud: Currencycloud (now part of Visa) provides cross-border FX and payments infrastructure for businesses and fintechs; comparable to Cornhill in serving the UK/European B2B cross-border FX market.
- Kantox: Kantox provides FX risk management and cross-border payments for UK and European SMEs, positioning itself similarly to Cornhill around transparent FX pricing and hedging.
Broad incumbents
- Revolut Business: Revolut Business offers multi-currency accounts, FX and cross-border payments to UK SMEs as part of a broader consumer and business banking super-app; competes with Cornhill on FX pricing and convenience.
- Western Union Business Solutions: Western Union Business Solutions provides international payments and FX risk management for UK and global SMEs, a legacy incumbent competing with Cornhill's traditional FX hedging and wire services.
Emerging players
- WorldRemit: WorldRemit focuses on cross-border remittances and payouts with multi-currency settlement capabilities; partial overlap with Cornhill's international payment processing rails, especially for smaller-value transfers.
Regional players
- Starling Bank (Business): Starling offers UK business current accounts with built-in multi-currency and cross-border payment features, increasingly competing with Cornhill for UK SMEs needing domestic and international banking in one place.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Cornhill International Payments social profiles
Digital presenceCornhill International Payments compliance and trust
Trust signalCompliance3 records
Cornhill International Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cornhill International Payments leadership team
Management profileNumber of profiles
Cornhill International Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cornhill International Payments 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 Cornhill International Payments
What does Cornhill International Payments do?
Cornhill International Payments is a UK-based foreign exchange specialist that provided international payment and FX services to businesses with cross-border payment needs. Following its acquisition by iBanFirst, it operates within iBanFirst's platform, offering augmented currency accounts, cross-border payments, international payment tracking, and currency risk management solutions.
Is Cornhill International Payments a public or private company?
Cornhill International Payments is a private company. It is classified as corporate owned and is currently acquired.
When was Cornhill International Payments founded?
Cornhill International Payments was founded in 2007. It employs 11 to 50 people.
Where is Cornhill International Payments based?
Cornhill International Payments is headquartered in London, United Kingdom, in the Europe region.
Who are Cornhill International Payments's main competitors?
Direct peers on record are iBanFirst, OFX, Wise (formerly TransferWise), Ebury, Currencycloud and Kantox. Broad incumbents are Revolut Business and Western Union Business Solutions. WorldRemit is listed as an emerging player. Starling Bank (Business) is listed as a regional player.
Does Cornhill International Payments have an API?
No public API is recorded for Cornhill International Payments.
What industry is Cornhill International Payments in?
Cornhill International Payments's product category is Foreign Exchange & International Payments. Its primary akta.pro industry code is FSAGABAK, Cross-Border FX, Multi-Currency & Treasury for Payments, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 522320 and its SIC code is 6199.