Currency Solutions

What Currency Solutions does

Currency Solutions Ltd is a UK-incorporated private company founded in 2003 that provides foreign exchange and international payment services to UK, EEA, and US-based businesses and individuals. Its core offerings span currency conversion across 170+ currency pairs, multi-currency accounts supporting 40+ currencies with company-name IBANs for local collection in EUR, USD, and GBP, and trade and invoice finance routed through a network of 200+ specialist funders. The company is authorised by the UK Financial Conduct Authority for payment services (FRN 512130) and for regulated investment products including currency options (FRN 602082), and relies on CurrencyCloud entities in the UK and Netherlands and Visa Global Services Inc. in the US for underlying e-money and payment infrastructure.

The technology layer combines a self-serve online trading platform with an enterprise-style relationship model in which each client is assigned a personal portfolio manager providing tailored FX strategy, risk management guidance, and market insights. Local payment rails enable faster settlement and reduced transaction costs versus traditional bank transfers, and funds are safeguarded by FCA-regulated e-money partners in segregated accounts. Additional capabilities include a public API, a currency converter tool, and a monthly market forecast newsletter used as a content-led demand generation channel.

Revenue is generated primarily through spreads and fees embedded in foreign exchange transactions, supplemented by fees on multi-currency account services and referral/lead-generation economics from the trade finance network. Pricing is quote-based and not publicly disclosed; registration and account setup are free, and the company claims competitive rates versus banks due to lower overhead. GTM is hybrid — direct digital self-serve plus high-touch enterprise sales via portfolio managers — targeting a horizontal mix of industries. The company advertises £18bn in cumulative transactions since inception and "over a billion pounds in currency each year," and holds #1 Trustpilot rankings in Payment Services and Money Transfer Services as of mid-2026.

Name

Currency Solutions

Legal name

Currency Solutions Ltd

Website

https://currencysolutions.co.uk

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Currency Solutions Ltd is a UK FCA-regulated FX and international payments provider founded in 2003, serving businesses and individuals with currency exchange across 170+ currency pairs, multi-currency accounts in 40+ currencies with company-name IBANs, and trade and invoice finance.

Ownership category

akta.pro rank

Headquarters

HQ city

City Of London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Currency Exchange Transaction Fees: Revenue generated from foreign exchange transactions, offering competitive exchange rates with margins built into spreads. The company maintains lower overheads than banks enabling competitive pricing.
2. Multi-Currency Account Services: Fees associated with multi-currency account management including holding balances in 40+ currencies and international transfers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Currency Solutions provides foreign exchange and international payment services to businesses and individuals, including multi-currency accounts with company-issued IBANs supporting 40+ currencies, currency risk management, personal currency exchange, and access to trade and invoice finance via 200+ specialist providers. The company operates an online trading platform complemented by dedicated personal portfolio managers and processes approximately £18 billion in transactions annually across 170+ currency pairs.

Product overview

Currency Solutions is a foreign exchange and international payments company operating since 2003. Its product portfolio consists of two primary segments: (1) Multi-Currency Accounts, which allow users to send, receive, and hold funds in 40+ currencies with company-issued IBANs for local collection in EUR, USD, and GBP; and (2) Trade & Invoice Finance, providing access to over 200 specialist funding providers. For individual clients, the company offers Personal Currency Exchange with competitive rates and no hidden fees. For business clients, the core offering is Business Currency Risk Management and global payments. The company differentiates through dedicated portfolio managers who provide personalized guidance, competitive exchange rates, faster settlement via local payment rails, and fund safeguarding through FCA-regulated e-money partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Currency Accounts

Quantifiable outcome

• Ranked #1 in Payment Services (58 providers) and Money Transfer Service (44 providers) on Trustpilot
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• The Currency Cloud LimitedcoreTechnology or IntegrationUK-based e-money partner providing payment and e-money services (Non-MIFID products) for UK clients. Registered in England No. 06323311. Authorized by the FCA under Electronic Money Regulations 2011 (FRN: 900199). Registered office at 1 Sheldon Square, London, W2 6TT, United Kingdom.
• CurrencyCloud B.V.coreTechnology or IntegrationDutch e-money institution partner for EEA clients. Registered with Dutch Chamber of Commerce under number 72186178. Licensed and regulated by De Nederlandsche Bank as Electronic Money Institution (Relation Number: R142701). Office at Mr. Treublaan 7, 1097 DP, Amsterdam, Netherlands.
• Visa Global Services Inc. (VGSI)coreTechnology or IntegrationUS payment services provider. Licensed money transmitter (NMLS ID 181032) in multiple US states. Registered MSB with FinCEN and registered Foreign MSB with FINTRAC. Licensed by New York Department of Financial Services.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Moneycorp: UK-headquartered foreign exchange and payments provider offering international payments, multi-currency accounts, and currency risk management for businesses and high-net-worth individuals. Closely comparable to Currency Solutions on regulated FX, hedging services, and UK customer segments.
• Halo Financial: London-based currency exchange and international payments company specialising in FX transfers for individuals and businesses with dedicated account managers. Direct UK competitor with a near-identical portfolio-manager-led service model and target customer segments.
• Wise (formerly TransferWise): UK-headquartered cross-border payments and multi-currency account provider serving both consumers and businesses. Offers transparent FX rates and local payment rails in 40+ currencies, directly competing with Currency Solutions' core offering of multi-currency accounts and international transfers.
• CurrencyFair: Peer-to-peer currency exchange and international payments platform offering multi-currency business accounts and competitive FX rates for both individuals and businesses. Headquartered in Ireland, serving the same UK and EEA customer base with overlapping product set.
• TorFX: UK-based foreign exchange and international payments company providing personal account management and competitive exchange rates for personal and business clients. Closely mirrors Currency Solutions' sales-led, portfolio-manager model and UK customer base.
• WorldRemit: Cross-border money transfer and multi-currency payments provider serving individuals and small businesses globally. Directly comparable on digital FX transfers, international payments, and currency conversion with a similar self-serve plus assisted-service model.
• OFX (formerly OzForex): Global FX and international payments specialist offering personal portfolio managers, multi-currency accounts, and currency risk management for individuals and businesses. Closely aligned with Currency Solutions' hybrid human-and-digital model and SMB/enterprise focus.

Broad incumbents

• MoneyGram: Global money transfer and cross-border payments company serving both consumers and businesses with FX conversion and international transfers. Comparable on cross-border payments scope and currency coverage, though MoneyGram operates at much larger scale with a different GTM focus on cash payouts.
• Western Union: Global cross-border money movement giant offering consumer and business FX and payments services. Overlaps with Currency Solutions on international transfers and currency conversion but operates at vastly larger scale with a primarily agent-based retail model.
• Revolut: UK-headquartered digital banking super-app offering multi-currency accounts, international transfers, and FX exchange alongside a broad portfolio of consumer financial products. Overlaps with Currency Solutions' multi-currency and FX offering but operates as a broader incumbent across many lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/CSolutionsFX

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Solutions