Eurex Capital OÜ

What Eurex Capital OÜ does

Eurex Capital OÜ is a privately held Estonian financial services company, founded in 1999 and headquartered in Tallinn at Tornimäe 5. It operates as a licensed financial intermediary under the Estonian Financial Intelligence Unit (FIU), subject to AML and sanctions compliance, and runs a network of seven retail offices — five across Estonia (including a daily 10:00–22:00 airport counter) and two in Riga, Latvia.

The company's core offering is multi-currency cash exchange across 90+ currencies at flat €3 per-transaction fees, supplemented by a precious-metals retail business (400+ gold, silver, and platinum bars and coins sourced from major global mints, with gold VAT-free), and international money-transfer agency services operated under Western Union and MoneyGram partnerships covering 200+ countries. A bill-and-coin denomination exchange service (0.4%–3.5% fees) rounds out the counter product set. The technology layer is a website plus an in-development Click & Collect self-service portal that will allow online currency pre-orders with rate locking and pickup at the customer's chosen office, alongside a customer account module with national-supervision registration and bank-level encryption.

Revenue is generated entirely through transactional fees — flat per-transaction FX fees, percentage-based bill/coin exchange fees, Western Union and MoneyGram commissions per their respective price lists, and markups on precious-metals sales. The customer base is fragmented retail and small-business: individual travelers, remittance senders, and retail precious-metals investors, with no disclosed enterprise contracts. The company is self-funded, privately held, and operates without external investors, subsidiaries, or M&A activity.

Name

Eurex Capital OÜ

Legal name

Eurex Capital OÜ

Website

https://eurex.ee

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Eurex Capital OÜ is a privately held Estonian FIU-licensed financial services provider operating seven retail offices in Estonia and Latvia, offering currency exchange (90+ currencies), precious metals (400+ gold/silver/platinum products), and Western Union and MoneyGram money-transfer agency services to retail travelers, remittance customers, and retail investors.

Ownership category

akta.pro rank

Product category

Currency Exchange Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Currency exchange services
• Precious metals trading
• International money transfers
• Foreign currency services
• Gold silver investment

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Currency Exchange Services: Transaction fees charged for currency exchange services at physical offices. Standard fee of 3€ per transaction in Tallinn offices and 3€ outside Tallinn. Currency exchange to bank account is free.
2. Precious Metals Sales: Revenue from selling investment gold, silver, and platinum coins and bars. Products include various weights from 0.5g to 1oz with prices ranging from €33.20 to €150.81 depending on metal type and weight.
3. Western Union Money Transfers: Commission earned as a Western Union payment agent for money transfer services covering 200+ countries. Fees are set according to Western Union's price list.
4. MoneyGram Money Transfers: Commission earned as a MoneyGram payment agent. MoneyGram covers 200+ countries with transfers taking 10-15 minutes. Fees according to MoneyGram's price list.
5. Bill and Coin Exchange Services: Fees charged for exchanging bills for smaller denominations (0.4%, min 5€), exchanging bills for coins and vice versa (3.5%, min 5€), and bill verification services (0.20€ per bill).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Eurex Capital OÜ operates physical currency exchange offices offering 90+ currencies (including exotic travel currencies such as Turkish Lira, Thai Baht, Georgian Lari, Egyptian Pound) and sells 400+ investment-grade precious metals products (gold, silver, platinum bars and coins) sourced from mints worldwide. The company also acts as a Western Union and MoneyGram payment agent providing international money transfer services covering 200+ countries from 7 offices across Estonia and Latvia.

Product overview

Eurex Capital OÜ operates a multi-service financial services platform centered on currency exchange and precious metals investment. The core offerings include physical currency exchange (50+ currencies), precious metals trading (gold, silver, platinum bars and coins with 400+ products), and international money transfers via Western Union and MoneyGram partnerships. Additional services include bill/coin exchange and a self-service Click & Collect system (in development). The company serves customers across 7 offices in Estonia and Latvia, operating as a licensed Financial Intelligence Unit (FIU) regulated entity since 1999.

Differentiator

Problem solved

Functional benefit

Products and services

• Currency Exchange (Valuutavahetus) Physical currency exchange service offering 50+ different currencies including popular travel currencies such as Turkish Lira, Thai Baht, Georgian Lari, and Egyptian Pound. Available in Eurex offices across Estonia and Latvia with service fees of €3 in Tallinn offices and €3 outside Tallinn.
• Precious Metals - Gold, Silver & Platinum Investment precious metals products including gold, silver, and platinum bars and coins. Over 400 products available including popular series like American Eagle, Maple Leaf, Britannia, Krugerrand, and more. Products sourced from renowned mints worldwide including Swiss, Austrian, Australian, South African, and American mints.
• Western Union Money Transfers International money transfer service enabling customers to send and receive money to over 200 countries and territories. Transfers can be made in euros, with payouts in euros. Eurex operates as a Western Union agent.
• MoneyGram Money Transfers International money transfer service providing sending and receiving capabilities across more than 200 countries with transfers taking 10-15 minutes. MoneyGram has been operating for over 70 years with approximately 500,000 locations worldwide.
• Coin and Bill Exchange (Kupüüride Vahetus) Exchange of banknotes for smaller denominations and vice versa, including exchanging coins for notes and vice versa. Fees are 0.4% for bill-to-bill exchange (min €5) and 3.5% for coin-to-bill or bill-to-coin exchange (min €5). Offered at more favorable rates than banks.

Quantifiable outcome

• Money transfers completed in 10-15 minutes via MoneyGram network
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Two partnerships are on record, tiered core.

• Western UnioncoreChannel Partner/ Reseller/ DistributorEurex operates as a Western Union agent providing money transfer services. Customers can send and receive money to/from 200+ countries and territories. Transfers can be made in EUR with funds available to recipients within minutes. Eurex provides the physical location and counter service for Western Union transactions.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorEurex operates as a MoneyGram agent for international money transfers. MoneyGram covers 200+ countries with transfers taking 10-15 minutes. No bank account required - only ID and cash needed. Eurex provides the retail counter service for MoneyGram transactions in Estonia and Latvia.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Western Union: Global leader in cross-border money transfers and one of Eurex's two principal agency partners. Comparable as the dominant incumbent in the remittance category where Eurex competes as an agent.
• SEB Estonia: Major Estonian bank providing multi-currency accounts, FX, and international payments. Competes with Eurex for travelers' and SMEs' FX needs through digital channels and a broader product suite.
• Swedbank Estonia: Major Estonian retail and commercial bank offering FX, card payments, and increasingly remittance — competes with Eurex for both consumer FX and business currency exchange customers across the same geography.
• LHV Pank: Leading Estonian digital-first bank with multi-currency accounts and FX services. Represents the broad incumbent banking competition against Eurex's currency exchange and remittance offerings.
• MoneyGram: Global money transfer operator with ~500,000 agent locations worldwide, including Eurex counters in Estonia and Latvia. Comparable as the second principal incumbent whose agency economics drive Eurex's remittance revenue.
• Travelex: World's largest retail foreign exchange brand, with airport and city-center currency exchange counters globally. Comparable as a broad incumbent in retail FX, illustrating both the airport-counter model and the competitive ceiling Eurex faces.

Direct peers

• Tavex: Baltic-region precious metals dealer (gold, silver) with physical showroom presence across Estonia and Latvia — directly comparable to Eurex's precious metals product line and competitive in the same regional retail investment-metals market.
• Tavid: Estonian currency exchange and precious metals retailer operating physical counters across Estonia — the closest direct competitor to Eurex in retail FX, gold/silver sales, and money transfer agency in the same domestic market.

Emerging players

• Wise: Digital cross-border payments specialist offering near-interbank FX and low-fee international transfers. Comparable as the emerging digital disruptor threatening Eurex's remittance and FX margins in the Estonian/Latvian customer base.
• Revolut: Global digital banking app with multi-currency accounts, interbank FX, and remittance features heavily adopted in the Baltics. Represents the emerging digital challenger directly competing with Eurex's core FX and money transfer propositions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/100063484917150

Compliance2 records

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 Eurex Capital OÜ