Currency Exchange International

What Currency Exchange International does

Currency Exchange International, Corp. (TSX: CXI; OTCQX: CURN) is a North American foreign exchange specialist that operates a dual B2B/B2C platform. On the institutional side, its proprietary CXIFX web-based software serves more than 1,400 U.S. banks and credit unions with foreign banknote exchange, international wire payments, foreign check clearing, Global EFT, and foreign draft issuance, connected via APIs to core banking platforms. On the consumer side, the company runs an OnlineFX e-commerce platform (order.ceifx.com) licensed in 48 states plus the District of Columbia, backed by 35+ company-owned retail branches and a network of affiliate and agent locations including airports and AAA, offering more than 80 currencies across 120 countries plus gold bullion coins and bars and a Currency Price Protection buyback program.

Underlying technology centers on two proprietary assets: the CXIFX platform, which integrates into core banking systems of financial institution clients, and CXI FX NOW / OnlineFX, the consumer-facing e-commerce stack. Both are augmented by integrations with FedEx and UPS for insured, signature-required home delivery, and the company accepts Visa, Mastercard, American Express, and Discover. CXI is federally regulated as a Money Services Business, holds NMLS ID 907740, and is licensed as a money transmitter in 30+ U.S. states, with PCI, GLBA, CCPA, and GDPR compliance.

The business model is transaction-fee driven across three revenue streams: Banknotes (retail/consumer and wholesale), Payments (wires, EFTs, foreign check clearing), and ancillary Gold Bullion sales. Consumer pricing uses a tiered exchange fee structure ($3 on $0-$199.99, $5 on $200-$499.99, $10 on $500+) with no exchange fees at company-owned branches in California, Colorado, Massachusetts, and Virginia or on home delivery orders; shipping fees scale with order value and speed. Q2 2026 revenue was $18.0 million (+13% YoY), with Payments up 73% and Banknotes up 1%; FY2025 revenue was $72.5 million. The company completed its exit from Canada in April 2026 through dissolution of subsidiary Exchange Bank of Canada.

Name

Currency Exchange International

Legal name

Currency Exchange International, Corp.

Website

https://ceifx.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

Currency Exchange International provides foreign currency exchange technology and services to more than 1,400 U.S. banks and credit unions through its CXIFX platform and to travelers through 100-plus retail branches and an OnlineFX platform licensed in 48 states plus DC.

Ownership category

akta.pro rank

Product category

Foreign Currency Exchange Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-border Payments & FX for E-commerce (CRAFALAF)

Keywords

• Foreign currency exchange
• International wire payments
• Foreign check clearing
• Wholesale banknote services
• Cross-border payments

Headquarters

HQ city

Berkeley

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Banknotes Revenue: Revenue from physical foreign currency exchange services at company-owned retail branches, affiliate locations, and agent locations. Revenue increased 1% year-over-year in Q2 2026 to $16.0 million. Growth impacted by geopolitical factors affecting travel.
2. Payments Revenue: Revenue from international wire transfers, Global EFTs, and foreign cheque clearing services. Payments revenue surged 73% to $2.0 million in Q2 2026, driven by 43% increase in business trading volumes and new customer additions.
3. Wholesale Banknotes: B2B foreign currency exchange services provided to financial institutions through the CXIFX platform. The company added 86 new financial institution clients in Q2 2026.
4. Gold Bullion Sales: Sale of gold bullion coins and bars including Gold American Eagle, Gold Canadian Maple Leaf, and Royal Canadian Mint products through retail branches.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Currency Exchange International (CXI) provides foreign currency exchange and international payment services across North America. For financial institutions, CXI offers its proprietary CXIFX web-based software platform with API integrations to core banking systems, enabling wholesale foreign banknote exchange, international wire transfers, foreign check clearing, and Global EFT services to more than 1,400 U.S. banks and credit unions. For consumers, CXI sells 80+ foreign currencies through 35+ company-owned retail branches, affiliate and agent locations, and the OnlineFX e-commerce platform with home delivery across 48 states plus DC.

Product overview

Currency Exchange International (CXI) offers a dual-platform architecture serving both institutional (B2B) and consumer (B2C) markets. The CEIFX (CXIFX) platform is a proprietary web-based FX software solution for financial institutions (banks and credit unions) providing foreign banknote exchange, international wire payments, foreign check clearing, and Global EFT services. The CXI FX NOW / OnlineFX platform serves consumers directly for ordering foreign currency online for home delivery or branch pickup across 48 states plus DC. CXI operates 35+ company-owned retail branches and numerous agent/affiliate locations. Core consumer products include foreign currency exchange (80+ currencies), gold bullion coins and bars, Currency Price Protection, and a Refer-a-Friend rewards program. The company also provides a Rate Tracker tool for monitoring exchange rates.

Differentiator

Problem solved

Functional benefit

Brands

• CXIFX: Proprietary web-based FX software platform for financial institutions providing foreign exchange and payment solutions
• CXI FX NOW
• OnlineFX

Products and services

• CEIFX (CXIFX) Wholesale Platform Proprietary web-based foreign exchange software platform serving wholesale customers including banks and credit unions. Provides foreign banknote exchange, international wire payments, foreign check clearing, Global EFT, and foreign draft issuance with API integrations to core banking platforms.
• CXI FX NOW (OnlineFX) International payments and consumer e-commerce platform for ordering foreign currency online for home delivery or branch pickup. Licensed to operate in 48 states plus District of Columbia.
• Foreign Currency Exchange Exchange of foreign banknotes for travelers, offering 80+ currencies across 120 countries with immediate availability at CXI branches and online ordering for home delivery or reservation.
• International Wire Payments Cross-border wire transfer services for financial institution clients, enabling international payment processing through the CXIFX technology platform.
• Foreign Check Clearing Clearing services for foreign checks for financial institutions, streamlined through the CXIFX technology platform.
• Foreign Banknote Exchange (Wholesale) Wholesale foreign currency banknote exchange services for financial institution clients including banks and credit unions.
• Gold Bullion Coins and Bars Sale of gold bullion products including Gold American Eagle coins, Canadian Maple Leaf coins, and Royal Canadian Mint bars for investors and travelers through retail branches.
• Currency Price Protection Program allowing customers to secure an ultimate buyback rate for foreign currency exchanges, providing rate protection when exchanging leftover currency back to USD.
• Global EFT Global electronic funds transfer services for financial institution clients.
• Foreign Draft Issuance Issuance of foreign drafts for international payment needs.

Quantifiable outcome

• 13% revenue growth to $18.0 million in Q2 2026
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Payment Choice CoalitioncoreStrategic or Co-development Partner · 30 March 2026CXI joined the Payment Choice Coalition as a 2026 Champion member, aligning with an industry initiative to preserve cash as a payment option in the U.S. The coalition advocates for the bipartisan Payment Choice Act (H.R.1138/S.2326) which would mandate retail establishments to accept cash for purchases of $500 or less. CXI joins existing members including Brink's, NCR Atleos, Diebold Nixdorf, and Western Union.
• Cruise PlannerscoreChannel Partner/ Reseller/ Distributor · 16 September 2024Currency Exchange International partnered with Cruise Planners to enhance members' travel experience through OnlineFX. This partnership provides Cruise Planners' travel agent network and their customers access to CXI's foreign currency exchange services.

Scale indicators20 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• WorldRemit: WorldRemit is a digital cross-border payments and remittance platform serving consumers and small businesses. Tangential overlap with CXI on consumer FX and international transfers, with a focus on digital-first emerging markets remittances.
• Remitly: Remitly is a digital remittance and cross-border payments platform focused on consumer and small-business international transfers. Comparable to CXI's Payments segment for cross-border transactions, but much larger in the digital remittance niche.

Direct peers

• Currencies Direct: Currencies Direct offers FX and international payments services to individuals and businesses, including currency exchange and cross-border transfers. It maps closely to CXI's consumer banknote exchange and corporate/SME payments use cases.
• Moneycorp: Moneycorp provides FX and international payment services to consumers, SMEs, and corporates, including physical and digital currency solutions. It is a direct comparable to CXI's consumer banknote exchange and B2B FX/payments business.
• Travelex: Travelex is the world's largest specialist foreign currency exchange retailer, serving travelers and financial institutions with physical banknotes, multi-currency cards, and international payments. This is the closest direct peer to CXI, which similarly combines retail/wholesale banknote exchange with a B2B platform for banks and credit unions.
• OFX Group: OFX provides cross-border payments and foreign exchange services to consumers, SMEs, and corporations, supporting banknotes and international transfers. It is a direct comparable to CXI's B2B Payments/wholesale FX business and consumer currency exchange services.

Broad incumbents

• Western Union: Western Union operates the world's largest cross-border money transfer and FX network, with consumer and agent locations offering currency exchange alongside remittances. Overlaps with CXI in consumer FX and cross-border payments for travelers, but its scale is much larger and remittances are the dominant use case.
• Euronet Worldwide: Euronet operates a global ATM and payments network including money transfer and FX services through its Ria and HiFX brands, alongside EFT and card processing. Directly comparable to CXI on consumer and small-business FX, cross-border payments, and banknote services, but at vastly greater scale.
• MoneyGram International: MoneyGram is a global cross-border money transfer and payments network, offering international wires and currency exchange through digital and agent channels. It is comparable to CXI's Payments segment for cross-border transfers, though MoneyGram is far larger and remittance-tilted.
• Wise: Wise (formerly TransferWise) is a digital cross-border payments and multi-currency wallet provider serving consumers and businesses with international transfers and FX. It overlaps with CXI on international wires and FX but competes via digital channels rather than physical banknotes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/cxi_america
• Facebookfacebook.com/currencyexchangeinternational
• LinkedInlinkedin.com/company/currency-exchange-international
• Instagraminstagram.com/cxifx

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Currency Exchange International