Franx
Franx is a Dutch payment institution and wholly-owned ABN AMRO subsidiary offering Dutch businesses an execution-only multi-currency IBAN account (33 currencies) and self-service FX Spot, Forward, Swap, and Roll trading, with PSD2 API integrations for third-party bookkeeping and banking systems.
- Company typePrivate
- Founded2017
- HeadquartersAmsterdam, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Franx does
Franx B.V. is a Dutch payment and FX-trading platform, wholly-owned by ABN AMRO Bank N.V. and operated under the brand "ABN AMRO Franx." Headquartered in Amsterdam at Gustav Mahlerlaan 10, the company provides a web-based, execution-only platform through which Dutch-based businesses can transact in foreign currencies and make international payments without broker or bank intermediation. Its core product is a single multi-currency IBAN account supporting 33 currencies, combined with FX Spot, FX Forward, FX Swap, and FX Roll instruments for hedging and cash-management use cases. The platform also offers SEPA payments (covering EU countries plus Norway, Iceland, Liechtenstein, Switzerland, Monaco, and San Marino) and international payments, with PSD2-compliant Account Information Service (AIS) and Payment Initiation Service APIs for third-party bookkeeping and banking integrations.
The company operates on a hybrid revenue model combining a recurring €10.00 monthly account fee, usage-based FX markups on top of the interbank rate (with the markup tiered by annual transaction volume), and fixed per-transaction payment fees (€0.10 outgoing SEPA, €6.00 outgoing international plus regional surcharges). Incoming payments are free, and opening an account carries no charge. Go-to-market is fully self-service and product-led: customers apply online, complete KYC, sign terms, and transact independently, with phone and email support available 8am–5:30pm on weekdays.
Franx serves only Dutch-based businesses — explicitly excluding consumers — across two segments: small and medium enterprises and entrepreneurs conducting international trade, and large Dutch corporations with higher-volume FX and hedging needs. The platform is regulated by De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM), holding a payment service licence and an investment company permit, each accompanied by a Declaration of No-Objection. The platform supports 11–50 employees and is led by general director Ronald Lokkers. The company has no disclosed funding rounds, no M&A activity, and no standalone publicly disclosed revenue, operating as a digital channel within the ABN AMRO group rather than an independently financed fintech.
Franx firmographics
Firmographics- Name
- Franx
- Legal name
- Franx B.V.
- Website
- https://franx.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Franx is a Dutch payment institution and wholly-owned ABN AMRO subsidiary offering Dutch businesses an execution-only multi-currency IBAN account (33 currencies) and self-service FX Spot, Forward, Swap, and Roll trading, with PSD2 API integrations for third-party bookkeeping and banking systems.
- Ownership category
- akta.pro rank
Where Franx is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices2 records
Markets served
Franx business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- FX Transaction Fees: Exchange rate markup percentage applied on top of interbank rate for FX Spot, FX Forward, and FX Swap transactions. The markup level is based on the customer's annual transaction volume through Franx. The calculation is displayed separately before transaction confirmation.
- IBAN Account Fee: Monthly fee of €10.00 for maintaining a Franx multi-currency IBAN account
- Payment Transaction Fees: Fixed fees per transaction: €0.10 for outgoing SEPA payments, €6.00 for outgoing international payments plus regional surcharges (€6.00 for US/Canada, €12.50 for other countries)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Multi-Currency IBAN Account |
| Usage-based | Pay-as-you-go | FX Transaction Fee |
| Transaction based/ take rate | Pay-as-you-go | Outgoing SEPA Payment |
| Transaction based/ take rate | Pay-as-you-go | Outgoing International Payment |
| Unit Pricing | Pay-as-you-go | Investigation/Inquiry/Handling Fee |
| Unit Pricing | Pay-as-you-go | Standard Bank Confirmation |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Franx product offering
Product offeringCore offering
Franx provides Dutch-based businesses with a single multi-currency IBAN account supporting 33 currencies, combined with execution-only FX trading capabilities (Spot, Forward, Swap, Roll) and cross-border payment services (SEPA and International). Customers self-manage currency conversions and international payments through a web-based platform with transparent, volume-based transaction fees, supplemented by PSD2 APIs for automated reconciliation and third-party integrations.
Product overview
Franx is an international payment service and FX trading platform offered by ABN AMRO. The core offering is a multi-currency IBAN account that supports 33 currencies, combined with execution-only FX trading capabilities. The product portfolio includes FX Spot (immediate currency trades), FX Forward (future-dated currency conversion for hedging), FX Swap (combined spot/forward for hedging or cash management), and FX Roll (settlement date modification for forwards). Payment services include SEPA Payment (Euro zone) and International Payment (33 currencies). The Franx Platform provides the user interface for all transactions, with PSD2 API integration for third-party connectivity.
Differentiator
Problem solved
Functional benefit
Products and services
- FX Spot Currency purchase or sale executed at the current exchange rate on the spot date (generally 2 days after the transaction). Buying and selling rates are displayed in real time, and a percentage markup over the interbank rate is applied based on the customer's annual transaction volume, shown separately before confirmation.
- FX Forward Currency conversion at a fixed exchange rate for a future settlement date, used to hedge currency risks. Available for all 33 currencies supported by Franx, with automatic deposit into the multi-currency account on the settlement date. The percentual markup over the interbank rate is displayed before the quote is accepted.
- FX Swap Two simultaneous currency purchases (one spot and one forward) designed to hedge currency risk, change settlement dates of existing FX forwards, or temporarily swap currency positions. Offered in all major currencies with maturity up to one year.
- FX Roll Variant of FX Swap that extends or shortens the settlement date of an open FX Forward position by reversing the original forward on the original settlement date and realising settlement on a new desired date.
- SEPA Payment Single Euro Payments Area payment service covering EU countries plus Norway, Iceland, Liechtenstein, Switzerland, Monaco, and San Marino. Incoming payments are free of charge; outgoing payments cost €0.10 per transaction.
- International Payment Service for receiving or making payments in 33 non-Euro currencies (USD, GBP, CNY, AED, AUD, CAD, CHF, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, SAR, SEK, SGD, THB, TRY, ZAR, BGN, BHD, KES, KWD, MAD, OMR, QAR). Incoming payments are free; outgoing payments cost €6.00 plus possible OUR surcharge (€6.00 US/Canada, €12.50 other countries).
- Multi-Currency IBAN Account Single multi-currency IBAN account supporting 33 currencies, enabling customers to organise all international transactions through one account number. Includes interest paid on positive balances in 22 foreign currencies, with competitive transaction fees and no fixed charges beyond a €10/month account fee.
Quantifiable outcome
- 33 currencies supported through single multi-currency IBAN account
- +1 more outcomes
Companies that use Franx
Customer profileSegments2 records
Ideal customer profiles2 records
Franx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature8 records
Franx partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Franx competitors and assessment
Company assessmentBroad incumbents
- Adyen: Dutch-headquartered global payments platform offering multi-currency processing and FX for merchants at scale. Comparable as a Dutch payments incumbent with multi-currency capability, though focused on enterprise merchant acquiring rather than SME FX accounts.
- Western Union Business Solutions: Established global FX and international payment provider for businesses. Comparable as a broad cross-border payment and FX hedging provider targeting SMEs and mid-market corporates with volume-tiered pricing.
- ABN AMRO Corporate Banking (parent FX desk): Parent bank's own corporate FX and payments franchise. Comparable as a Dutch bank offering multi-currency accounts, FX Spot, Forwards, and international payments to corporate clients—Franx's most direct internal competitor for larger Dutch corporates.
Emerging players
- Payoneer: Cross-border payments and multi-currency receiving accounts for businesses, freelancers, and marketplace sellers. Comparable on multi-currency business accounts and cross-border payments, with overlap in the SME/importer-exporter segment.
- Currencycloud: Cross-border payments-as-a-service infrastructure (now part of Visa). Comparable as cross-border payment infrastructure with FX and multi-currency capability, though positioned as B2B2C infrastructure rather than direct SME-facing.
Direct peers
- Kantox: European FX management platform offering FX hedging (forwards, swaps), multi-currency accounts, and payments specifically for SMEs and mid-market businesses. The closest direct peer in terms of product (FX derivatives + international payments for businesses) and European SME focus.
- Revolut Business: Multi-currency business accounts with FX conversion, payments, and API integrations for SMEs. Directly comparable on product surface area (multi-currency IBAN, FX, payments) and target SME segment, though operating at much larger scale.
- Wise (formerly TransferWise): Global cross-border payments and multi-currency account provider. Directly comparable on multi-currency business accounts and low-cost FX for SMEs, with a similar self-serve, transparent-fee model.
- bunq: Dutch challenger bank offering multi-currency accounts and self-serve international payments to Dutch consumers and businesses. Directly comparable as a Netherlands-based digital multi-currency account provider competing for the same SME/entrepreneur segment.
- OFX: International money transfer and FX hedging provider for businesses and individuals. Comparable as an FX-focused platform offering spot and forward contracts to SMEs and mid-market companies with transparent volume-based pricing.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Franx social profiles
Digital presenceFranx compliance and trust
Trust signalCompliance2 records
Franx financial estimates
Financial estimateRevenue estimate
Valuation estimate
Franx leadership team
Management profileNumber of profiles
Profiles1 record
Franx funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Franx 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 Franx
What does Franx do?
Franx provides Dutch-based businesses with a single multi-currency IBAN account supporting 33 currencies, combined with execution-only FX trading capabilities (Spot, Forward, Swap, Roll) and cross-border payment services (SEPA and International). Customers self-manage currency conversions and international payments through a web-based platform with transparent, volume-based transaction fees, supplemented by PSD2 APIs for automated reconciliation and third-party integrations.
Is Franx a public or private company?
Franx is a private company. It is classified as corporate owned and is currently operating.
When was Franx founded?
Franx was founded in 2017. It employs 11 to 50 people.
Where is Franx based?
Franx is headquartered in Amsterdam, Netherlands, in the Europe region.
How does Franx make money?
Three revenue lines are on record. FX Transaction Fees are the primary driver. The others are IBAN Account Fee and payment Transaction Fees.
Who are Franx's main competitors?
Broad incumbents on record are Adyen, Western Union Business Solutions and ABN AMRO Corporate Banking (parent FX desk). Emerging players are Payoneer and Currencycloud. Direct peers are Kantox, Revolut Business, Wise (formerly TransferWise), bunq and OFX.
Does Franx have an API?
Yes. Franx offers PSD2 APIs for third-party providers including Account Information Service (AIS) and Payment Initiation Service. AIS enables retrieval of transactions and near real-time balances from Franx payment accounts, accessing general account information and transaction data (amount, book date). Payment Initiation service enables initiating single payments using a Franx payment account and retrieving transaction status. Franx provides a sandbox environment for testing UI/API integration. Third-party providers must possess a valid license and eIDAS certificate. Franx also offers an Account Insight Service (AIS) API for automated account reconciliation, allowing definition of time ranges for transaction data retrieval and real-time balance access. Developer documentation is at franx.com/documents/en/psd2-documentation.pdf.