What Caxton does

Caxton is a UK-based, FCA-authorised payments technology firm founded in 1999 (with a 2002 start date cited for processed-volume tracking) and headquartered at 2 Leman Street, London. The company operates a prepaid Mastercard-based platform centred on a multi-currency travel card supporting 15 currencies with automatic FX conversion, alongside an international payments service covering 196 countries and territories with same-day settlement options. Card issuance is handled through PSI-Pay Ltd under a Mastercard licence, with Thredd providing card-processing infrastructure (renewed and expanded in June 2026) and OpenPayd/ClearBank/RBS handling clearing; Checkout.com supports transaction processing and Xero is integrated for expense management.

The business serves two principal segments: individual travellers (a prepaid travel card, cash home delivery, international money transfers, multi-currency accounts) and corporate clients (business travel cards, virtual expense cards, payroll and supplier payments, a paying-agent service for professional services firms, and FX risk-management tools including spot, forward, and limit orders). Revenue is generated primarily via transaction-based fees — a 2.49% FX markup on non-Caxton-purchased currency loads, £5 per international payment, £25 SWIFT amendment/recall fees, ATM withdrawal fees, and £55 annual fees on the standard Caxton Red Account — supplemented by subscription-like benefits through the invite-only Caxton Insider tier (up to 20% better exchange rates, free ATM withdrawals) and ancillary services such as airport parking and currency buyback guarantees.

Distribution is direct-to-consumer via the caxton.io website and iOS/Android apps, augmented by a Refer-a-Friend programme; enterprise clients are served through a dedicated business account-registration flow. Caxton acquired nimbl, a pocket money app for children aged 6–16, from ParentPay in April 2023, operating it as a standalone youth brand. The company is privately held with no disclosed institutional investors, claims £20bn processed since 2002, approximately one million traveller customers, 2,500+ professional services firms served, and a 95% corporate client repeat rate; revenue is not publicly disclosed.

Name

Caxton

Legal name

Caxton Payments Limited

Website

https://caxton.io

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Caxton is a UK FCA-authorised payments fintech that issues a multi-currency prepaid Mastercard travel card and provides international payments to 196 countries, serving both individual travellers and corporate clients with FX, expense management, and treasury tools.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & Foreign Exchange

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

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

akta.pro secondary industry

Travel Merchant Acquiring & Payment Orchestration (PSPs, gateways) (THALAHAA)

Keywords

• Cross-border payments
• Multi-currency travel cards
• Foreign exchange services
• Business expense management
• International money transfers

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. International Payment Fees: Caxton charges fees for international money transfers including £5 per international payment, £25 for SWIFT payment amendments, and £25 to trace or recall payments. Additional fees apply for late settlement.
2. Card Load and Transaction Fees: Revenue from FX markups when loading currencies (2.49% for non-Caxton purchased currencies), ATM withdrawal fees (£1 domestic), and annual card fees (£55 for Caxton Red Account)
3. Travel Services: Revenue from travel-related services including airport parking bookings made through the Caxton platform
4. Premium Membership (Caxton Insider): Invite-only membership program with preferential exchange rates (up to 20% better), increased limits, and priority support

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Caxton is a UK-based fintech that provides multi-currency prepaid Mastercard travel cards and international payment services for both individual consumers and businesses. It also offers business solutions including corporate travel cards, virtual expense cards, payroll and supplier payments, currency risk management, and an API platform for partners to integrate payment services. The company is authorised and regulated by the Financial Conduct Authority (FRN: 900663) and has processed over £20bn in transactions since 2002.

Product overview

Caxton is a UK-based fintech offering a comprehensive payments platform centered around multi-currency travel cards and international payment services. The core product is the Caxton Travel Card (also known as Caxton Currency Card or Caxton Red Account), a prepaid Mastercard enabling users to load, hold, and spend in 15 currencies with competitive exchange rates. The platform includes personal products (Travel Card, Cash Home Delivery, International Payments, Multi-Currency Account) and business solutions (Business Travel Cards, Virtual Expense Cards, Payroll Payments, Supplier Payments, Currency Risk Management). Supporting services include Caxton Insider (loyalty program with preferential rates), nimbl (acquired pocket money app for children), Buy Back Guarantee (currency buyback protection), Travel Savings Plan, Regular Payments, and Airport Parking Booking. The company has over 25 years of experience processing £20bn since 2002.

Differentiator

Problem solved

Functional benefit

Brands

• nimbl: A pocket money app for children ages 6-16, providing financial education and youth money management services. Operates as a standalone unit within Caxton.

Products and services

• Caxton Travel Card / Currency Card (Caxton Red Account) A prepaid multi-currency Mastercard enabling consumers to load, hold, and spend in 15 currencies (GBP, EUR, USD, AUD, CAD, NZD, HKD, CHF, JPY, DKK, ZAR, PLN, SEK, NOK, HUF) without foreign exchange fees. Designed for UK residents travelling overseas.
• Cash Home Delivery Foreign currency banknote delivery service delivering physical cash to UK addresses via Royal Mail Special Delivery, with guaranteed delivery before 1:00pm.
• International Payments (Personal) Personal money transfer service enabling users to send payments to over 196 countries and territories with same-day settlement, supporting SWIFT and Faster Payments.
• Multi-Currency Account (Personal) Account feature allowing personal users to hold and manage balances in 15 currencies with real-time exchange rates.
• Business International Payments & Foreign Exchange Corporate FX and international payment services including spot contracts, forward contracts, and limit orders for businesses managing multi-currency transactions.
• Business Travel Cards Corporate prepaid travel cards supporting 130+ currencies with built-in spend controls, virtual card issuance, and expense management features for business travel.
• Virtual Expense Cards Virtual prepaid cards for businesses enabling controlled online payments and employee expense management with configurable spending limits.
• Payroll Payments Business payment service for processing bulk payroll payments to employees with Faster Payment options available 24/7.
• Supplier Payments Business payment solution enabling companies to pay local and global suppliers instantly through a single platform.
• Paying Agent Service

Quantifiable outcome

• 95% of corporate clients return year over year
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• ThreddcoreTechnology or Integration · 2 June 2026Thredd provides payment processing infrastructure for Caxton's card programs. The partnership was renewed and expanded in June 2026, indicating a long-standing and strategic relationship in the payments infrastructure stack.
• MastercardcoreTechnology or IntegrationMastercard provides the payment network and brand license for Caxton's prepaid cards. Caxton cards display the Mastercard acceptance mark and operate on the Mastercard payment network globally.
• PSI-Pay LtdcoreTechnology or IntegrationPSI-Pay Ltd is the card issuer for Caxton Mastercard prepaid cards, pursuant to a license by Mastercard International Incorporated.
• Royal Bank of Scotland (RBS)coreTechnology or IntegrationRBS is one of Caxton's partner banks that helps process and clear payments securely as part of Caxton's payment infrastructure.
• OpenPaydcoreTechnology or IntegrationOpenPayd is a payment processor used by Caxton that in turn uses ClearBank to process GBP payments.
• ClearBankcoreTechnology or IntegrationClearBank processes GBP payments for Caxton through the OpenPayd partnership, providing payment clearing services.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Currencycloud: Currencycloud (now part of Visa) provides cross-border payments APIs and FX infrastructure used by fintechs and banks. It represents the API-driven, infrastructure-layer approach to the multi-currency problem that Caxton's developer platform also targets.
• Remitly: Remitly is a US-headquartered digital remittance provider serving 170+ countries with consumer-focused international money transfers. It overlaps with Caxton's international payments proposition, particularly for immigrant senders in the UK.

Direct peers

• Equals Money: Equals Money (formerly FairFX, now Equals plc) is a UK-listed fintech offering prepaid currency cards, international payments, and corporate FX expense management — directly mirroring Caxton's consumer and business product portfolio.
• OFX: OFX is a global cross-border payments and FX specialist serving both consumers and businesses with international money transfers and forward contracts — overlapping with Caxton's international payments and currency risk management products.
• Curve: Curve is a UK-based multi-currency card consolidator that allows users to spend in multiple currencies with no FX fees. It competes with Caxton's prepaid multi-currency card proposition for consumers and SMEs.
• WorldRemit: WorldRemit is a UK-founded digital cross-border money transfer service operating in 130+ countries. It is a direct competitor to Caxton's international payments service, particularly for personal remittances.
• Wise: Wise (formerly TransferWise) is a UK-based cross-border payments fintech offering multi-currency accounts and low-cost international money transfers to 196+ countries. It directly overlaps with Caxton's international payments and multi-currency proposition for both consumers and businesses.
• Revolut: Revolut is a UK-headquartered fintech offering multi-currency accounts, prepaid cards in 30+ currencies, and international money transfers. It competes head-on with Caxton's travel money card and FX services, with a far larger user base and broader feature set.
• WeSwap: WeSwap is a UK-based peer-to-peer travel money platform offering multi-currency prepaid cards and FX. It is a close direct competitor in Caxton's core UK consumer travel-money segment.

Broad incumbents

• Western Union: Western Union is a global incumbent in cross-border money transfers and FX, serving consumers and businesses in 200+ countries. It is a broader incumbent to Caxton's international payments service with much larger scale and brand recognition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/caxton
• Facebookfacebook.com/CaxtonCard
• LinkedInlinkedin.com/company/caxton-payments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Caxton