Xchange of America

What Xchange of America does

Xchange of America (XOA) is a privately held retail and institutional foreign currency exchange company founded in 2007 and headquartered in Stuart, Florida. The company operates an online ordering platform that allows US consumers to buy and sell over 40 foreign currencies with direct home delivery, alongside a network of physical branches across the United States for in-person transactions. XOA also runs an institutional banknote division that sources and distributes foreign currencies to financial institutions, banks, credit unions, MSBs, and travel industry buyers worldwide, leveraging partnerships with security firms, airlines, and local dealers to procure difficult-to-find currencies. Revenue is generated primarily from spreads on currency transactions and shipping fees, supported by a 1% referral commission model in its travel-agency partner program and white-label software arrangements with bank and credit-union partners. The company maintains its own proprietary ordering, rate-calculation, and identity-verification technology stack, has been featured by Forbes, and is reviewed on Trustpilot. XOA operates under two Florida entities (Xchange of America, Inc. and Xchange of America, LLC), with no disclosed external funding and headcount in the 11-50 range.

Name

Xchange of America

Legal name

Xchange of America, LLC

Website

https://xchangeofamerica.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Xchange of America is a privately held foreign currency exchange company founded in 2007, headquartered in Stuart, Florida, serving US retail travelers and institutions with online ordering, home delivery, branch locations, and a wholesale banknote division across 40+ currencies.

Ownership category

akta.pro rank

Product category

Foreign Currency Exchange Services

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industry

Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF)

Keywords

• Foreign currency exchange
• Online currency ordering
• Wholesale banknote distribution
• Travel currency services
• Currency exchange partnerships

Headquarters

HQ city

Stuart

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Currency Exchange Transaction Revenue: Revenue generated from the spread between buy and sell rates on foreign currency transactions. The company buys currency at one rate and sells at a slightly different rate, capturing the margin. Orders over $1,000 USD receive free expedited two-day shipping.
2. Shipping Fees: Revenue from shipping fees for orders under $1,000 USD. Orders over $1,000 receive free expedited two-day shipping.
3. Wholesale/Institutional Banknote Sales: Revenue from the institutional banknote division that sources and distributes foreign banknotes to financial institutions, banks, credit unions, and MSBs worldwide
4. Partner Referral Commissions: Travel agency partners earn 1% commission on referred client transactions, creating a referral revenue stream for the company

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Xchange of America operates an online platform that lets individual consumers buy and sell more than 40 foreign currencies with home delivery, and runs an institutional banknote division that sources and distributes foreign banknotes wholesale to banks, credit unions, MSBs, and travel industry buyers. The company earns the spread between buy and sell rates, charges shipping fees on small orders, and operates white-label partner programs for banks, credit unions, and travel agencies.

Product overview

Xchange of America operates as an online currency exchange platform with a single unified service offering for consumers and a separate institutional wholesale division. The core consumer product enables individuals to buy and sell over 40 foreign currencies online with home delivery. The institutional banknote division provides wholesale currency services to financial institutions. Optional add-on services include Delivery Assurance (shipping protection). The company also offers partner programs for banks, credit unions, and travel agencies. A currency converter tool is available for rate calculations.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Foreign Currency Exchange (Consumer) Consumer-facing online platform that lets individuals buy and sell over 40 foreign currencies with home delivery in the United States. Supports credit/debit card, bank wire, e-check, cashier check, money order, and cash on delivery payments, with free expedited two-day shipping on orders over $1,000.
• Institutional Banknote Division (Wholesale) B2B wholesale foreign currency division serving financial institutions, banks, credit unions, MSBs, and travel industry partners with customized currency programs and global sourcing and distribution logistics.
• Delivery Assurance Optional fee-based add-on service that guarantees a replacement shipment if the original currency order is lost in transit or undeliverable, available for purchase at checkout.

Quantifiable outcome

• Free expedited two-day shipping on orders over $1,000 USD
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Banks (Unnamed)coreChannel Partner/ Reseller/ DistributorXchange of America has established bank currency exchange partnership programs designed to foster streamlined financial transactions for banks of all sizes. Banks utilize state-of-the-art, custom-made software provided by XOA to offer foreign exchange services to their clients. The company leverages banks' existing customer relationships while providing the technology and currency inventory for currency exchange services.
• Credit Unions (Unnamed)coreChannel Partner/ Reseller/ DistributorCredit union partnership programs similar to bank partnerships, enabling credit unions to offer XOA's currency exchange services to their members. Partners gain access to custom software that allows them to offer XOA's foreign exchange services to their clients.
• Travel Agents (Unnamed)coreChannel Partner/ Reseller/ DistributorTravel agency partner program where travel agents offer Xchange of America foreign currency services to their international travel clients when booking trips. Partners receive a special version of the XOA logo embedded with a trackable link unique to their agency. The hyperlinked logo is placed on agency websites and included in confirmation emails. Partners earn 1% commission on referred client transactions, paid monthly via ACH or check by the 20th of the following month.
• Security Firms (Unnamed)minorStrategic or Co-development PartnerPartnerships with the world's largest security firms to ensure the quickest, safest, and most economical routes to source currency for the institutional banknote division.
• Airlines (Unnamed)minorStrategic or Co-development PartnerPartnerships with airlines to support logistics and distribution for the institutional banknote division's global currency sourcing operations.
• Local Dealers (Unnamed)minorChannel Partner/ Reseller/ DistributorPartnerships with local dealers in hard-to-reach areas of the world to source even the most difficult currencies for institutional clients.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Travelex: The world's largest retail foreign currency exchange operator, providing physical banknote exchange at airports and online globally. Direct competitor to XOA's core consumer product with similar spread-based monetization and home delivery capability.
• Currency Exchange International: U.S.-focused publicly-traded physical currency exchange operator (CXII) serving consumers, banks, and credit unions through wholesale banknote distribution and white-label partner programs. Highly comparable business model to XOA across both consumer and institutional channels.
• US First Currency: U.S.-based online currency exchange provider offering home delivery of foreign banknotes for travelers and business clients. Competes head-to-head with XOA in the U.S. consumer FX market with similar currency catalog and home-delivery model.

Regional players

• Thomas Exchange Global: U.K.-based physical currency exchange operator with online ordering and home delivery. Comparable business model to XOA but primarily serves U.K. customers rather than competing directly in the U.S. market.
• No1 Currency: U.K.-based retail foreign currency exchange with both physical branches and online delivery. Comparable to XOA's dual online/retail model but geographically focused on the U.K. and Ireland.

Broad incumbents

• Western Union: Global money transfer and FX giant with retail agent locations and digital channels. While its core business is remittances, Western Union also offers physical currency exchange services and competes broadly for cross-border consumer FX dollars.
• MoneyGram: Global money transfer company with retail and digital FX services. Provides physical and digital currency exchange as part of a broader remittance portfolio — overlapping with XOA's consumer travel FX use case.
• Wise: Digital-first cross-border payments and multi-currency account provider. Disrupts the physical currency exchange market by enabling travelers to hold and spend foreign currency digitally — a structural substitute for XOA's core product.
• OFX: Global foreign exchange and international payments provider focused on businesses and individuals. Comparable to XOA's institutional banknote division in serving cross-border FX needs, though primarily digital rather than physical currency.

Emerging players

• CurrencyFair: Peer-to-peer currency exchange platform enabling individuals and SMEs to exchange currencies at mid-market rates. Represents the digital alternative model that competes with physical currency exchange for the same customer cohort.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/xchangeamerica
• Facebookfacebook.com/xchangeofamerica
• LinkedInlinkedin.com/company/exchange-america

Revenue estimate

Valuation estimate

Number of profiles

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 Xchange of America