Olympia Currency & Global Payments

What Olympia Currency & Global Payments does

Olympia Currency & Global Payments Inc. is a Calgary, Alberta-based boutique foreign exchange and global payments company founded in 2005, operating as a wholly owned subsidiary of Olympia Financial Group Inc. (TSX:OPAY) and subject to a definitive agreement to be acquired by Shift Connect Ltd. with closing anticipated on or before March 31, 2026, pending Bank of Canada approval under the Retail Payment Activities Act. The company serves 1,400+ active clients with $1B+ CAD in annual traded volume and 100+ daily transactions across 18 major currencies (CAD, USD, EUR, GBP, JPY, AUD, CHF, DKK, HKD, HUF, MXN, NOK, NZD, PLN, SEK, SGD, TRY, ZAR). Its core product is the proprietary PayFX trading platform, an all-in-one digital interface for currency exchange, multi-currency account management, live market data, instant quotes, and 24/7 access, supplemented by a custom solutions suite offering FX spot transactions, limit orders, stop orders, non-deliverable forwards, FX outright forwards, FX time option forwards, and payment and settlement services including wires, EFTs, PAD-ACH, and third-party settlements.

Olympia serves two primary customer segments: Canadian small and mid-sized businesses with international currency exposure across verticals including agribusiness, real estate, healthcare, life sciences, technology, and energy & mining; and individual clients requiring cross-border payments such as students studying abroad and expatriates. The company operates under the Alberta Loan and Trust Corporations Act with FINTRAC and PCMLTFA compliance, offering a 100% fund security guarantee that holds client funds in trust until transaction completion. Its go-to-market is sales-led with three regional offices (Calgary headquarters, Vancouver, Ontario), a toll-free call center, dedicated account managers providing personalized hedging strategies, and a self-serve online platform via PayFX.

The revenue model is entirely transaction-based, with income generated from spreads on currency exchange transactions, fees on forward contracts and hedging instruments, and charges for international payment and settlement services. Pricing is quote-based with zero set-up fees, pay-as-you-go billing, and rates customized by transaction volume, currency pair, and complexity. In March 2026, Olympia also launched a Foreign Exchange Guarantee (FXG) program in partnership with Export Development Canada, enabling Canadian exporters to manage FX exposure without posting their own capital by leveraging EDC's guarantee.

Name

Olympia Currency & Global Payments

Legal name

Olympia Currency and Global Payments Inc.

Website

https://olympiacgp.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Olympia Currency & Global Payments is a Calgary-based boutique foreign exchange and global payments company founded in 2005, serving 1,400+ Canadian small and mid-sized businesses and individuals with proprietary PayFX platform, multi-currency accounts across 18 currencies, and FX hedging products, generating transaction-based revenue on $1B+ CAD annual traded volume.

Ownership category

akta.pro rank

Product category

Foreign Exchange & Global Payment Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Foreign exchange services
• Global payment services
• Currency exchange
• FX hedging solutions
• Cross-border payments

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

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. Foreign Exchange Transaction Fees: Revenue generated from currency exchange transactions with competitive rates offered to clients for buying and selling foreign currencies. Transaction-based revenue model where clients pay for each FX transaction executed.
2. Global Payment Services: Fees earned from processing international payments and settlements including wire transfers, bank transfers, electronic fund transfers, and other payment methods for cross-border transactions.
3. FX Hedging Products: Revenue from forward contracts, limit orders, stop orders, and other hedging instruments used to manage currency risk for business clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Olympia Currency & Global Payments is a Calgary-based boutique foreign exchange and global payments firm that buys and sells foreign currencies for Canadian businesses and individuals. It executes transactions across 18+ major currencies via its proprietary PayFX trading platform and through dedicated account managers, offering multi-currency accounts, FX hedging instruments (spots, forwards, NDFs, limit and stop orders), and cross-border payment and settlement services with a 100% fund security guarantee.

Product overview

Olympia Currency & Global Payments is a boutique foreign exchange and global payments company headquartered in Calgary, Alberta, offering a portfolio of products centered around its PayFX Trading Platform as the core digital interface. The product suite comprises three pillars: the PayFX all-in-one trading platform (providing real-time currency trading, multi-currency account management, and 24/7 access to 18+ currencies); Custom Solutions (industry-specific FX products including spot transactions, forwards, options, and risk management strategies); and Security & Compliance (regulated services governed by the Loan and Trust Corporations Act with 100% fund security). Additional offerings include the EDC-partnered FXG program for working capital optimization and diverse payment/settlement methods. The company serves over 1,400 clients across Canada with over $1 billion CAD traded annually.

Differentiator

Problem solved

Functional benefit

Brands

• PayFX: A digital trading platform for foreign exchange and global payments, providing multi-currency account management, real-time market data, competitive exchange rates, and 24/7 access to global markets. Supports 18+ currencies including CAD, USD, EUR, GBP, JPY, AUD, CHF, DKK, HKD, HUF, MXN, NOK, NZD, PLN, SEK, SGD, TRY, and ZAR.

Products and services

• PayFX Trading Platform Proprietary all-in-one online trading platform that lets clients buy and sell foreign currency, manage multi-currency accounts, view real-time market data and instant quotes, and execute FX trades 24/7 with integrated risk management. Used by Canadian businesses and individuals for self-directed FX and global payment execution.
• Custom FX Solutions Tailored foreign exchange solutions built around a client's industry and individual business needs, bundling FX products, hedging strategies, and payment/settlement options. Delivered by dedicated account managers and designed for Canadian small and mid-sized businesses with cross-border exposure.
• Security & Compliance Services Compliance and fund-handling infrastructure that protects client transactions through extensive due diligence, fraud detection, FINTRAC and PCMLTFA adherence, and a 100% fund security guarantee under the Loan and Trust Corporations Act. Sold as a regulated service backbone for Olympia's FX and payment products.
• FX Spot Transactions Immediate buy/sell execution of foreign currency at the current market rate with same-day settlement on most major currency pairs, used to convert funds without exposure to subsequent market swings. Offered to business and individual clients.
• Limit Orders Conditional orders that buy or sell currency only if a more favorable target rate than the current market is reached before expiry, allowing clients to automate execution at desired price levels.
• Stop Orders Conditional buy/sell orders triggered when a currency reaches a specified stop price, used to protect profits or cap losses on open FX positions.
• Non-Deliverable Forwards (NDF) Forward contracts used to hedge currencies that cannot be physically settled in the client's domestic currency, settling the gain/loss in domestic currency instead of delivering the underlying. Targeted at businesses with revenues in controlled or restricted currencies.
• FX Outright Forwards Contracts that lock in a current forward exchange rate for a specified future settlement date, enabling businesses to protect profit margins on known future FX flows without tying up working capital.
• FX Time Option Forwards Forward contracts that lock in a favorable rate for future delivery while allowing partial or full drawdown of funds in the final 90 days before expiry, balancing cash flow certainty with gradual access to funds.
• Foreign Exchange Guarantee (FXG) Program Program offered with Export Development Canada (EDC) that allows Canadian exporters to manage FX exposure without tying up significant capital, leveraging EDC's guarantee to free up working capital. Targeted at Canadian export businesses with foreign currency revenue exposure.
• Payment & Settlement Solutions Suite of secure cross-border payment and settlement methods including wire transfers, EFTs, online bill payment, pre-authorized debits, PAD-ACH transfers to US-based USD accounts, and third-party settlement options, offered to business clients moving funds internationally.
• Hedging & Risk Management Services Risk assessment and management engagements delivered by dedicated account managers who build coordinated end-to-end hedging plans combining FX products (forwards, options, spot, limit/stop orders) to safeguard profits and ensure financial stability for business clients.

Quantifiable outcome

• 70% of e-commerce businesses worldwide experienced financial loss due to currency volatility - demonstrating the critical need for FX risk management
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Export Development Canada (EDC)coreStrategic or Co-development Partner · 24 March 2026Olympia has partnered with Export Development Canada (EDC) to bring the Foreign Exchange Guarantee (FXG) program to Canadian export clients. This program helps Canadian export companies manage foreign currency exposure without requiring significant capital by leveraging EDC's guarantee to free up working capital for growing businesses.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Moneycorp: Moneycorp delivers foreign exchange, international payments, and FX hedging services to individuals and businesses, with multi-currency accounts and forward contracts — a closely analogous offering to Olympia's PayFX platform and hedging suite.
• Wise: Wise (formerly TransferWise) offers low-cost cross-border payments and multi-currency accounts to consumers and businesses, directly competing with Olympia's global payments and multi-currency account services, particularly for SMB and individual customers.
• OFX: OFX (formerly OzForex) is a global foreign exchange and international payments provider serving individuals, SMBs, and corporates with FX risk management and cross-border payments — directly comparable to Olympia's core offering of currency exchange and global payments for SMBs and individuals.
• Cambridge Global Payments: Cambridge Global Payments specializes in foreign exchange and cross-border payment solutions for SMBs and mid-market businesses, with risk management and hedging products — directly parallel to Olympia's custom FX solutions for Canadian SMBs.
• Convera: Convera (formerly Western Union Business Solutions) provides cross-border payments and FX risk management to businesses and consumers globally — overlapping directly with Olympia's FX, hedging, and international payment products for SMBs.
• Shift Connect: Shift Connect is a Canadian digital payments provider that announced the acquisition of Olympia in March 2026; it offers enhanced global banking network access and financial technology — the closest comparable peer given overlapping Canadian FX/payments focus and the active M&A relationship.
• WorldFirst: WorldFirst provides international payments and FX services to SMBs and individuals across multiple currencies, with hedging products — comparable to Olympia's cross-border payment, multi-currency, and FX hedging offerings.
• Xe (HiFX): Xe (formerly HiFX) provides international money transfers and currency exchange for consumers and businesses, including FX hedging — directly comparable to Olympia's currency exchange and global payments services for SMBs and individuals.

Regional players

• Interac: Interac is Canada's dominant domestic payments network, offering debit, e-Transfer, and online payment services — a regional Canadian payments incumbent whose domestic focus and customer base overlap with Olympia's Canadian SMB and individual segment.

Broad incumbents

• Currencycloud: Currencycloud (a Visa-owned company) provides a B2B cross-border payments and FX platform via APIs, serving fintechs and financial institutions — comparable to Olympia's PayFX platform but at a broader, more technology-led scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/OlympiaCGP
• LinkedInlinkedin.com/company/currency-global-payments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Olympia Currency & Global Payments