Fexco

Fexco is a global leader in payments technology and foreign exchange services, offering a comprehensive range of business solutions tailored to client needs. Its services include Dynamic Currency Conversion, Multi-Currency Pricing, and Corporate Payments Services, as well as Retail FX and Expense Management. Fexco also specializes in secure global bank-to-bank transfers and provides bespoke financial services, including leasing and hire-purchase solutions. By delivering these varied services, Fexco enables businesses to efficiently access the financial resources necessary for growth and operational success.

Karl Aherne

Managing Director of Innovation and Ventures Division

John McCarthy

Executive Director

Dick Spring

Board Member and Deputy Chairman

5 past transactions

LegitFit

Seed Round in 2022
LegitFit is a business management platform tailored for gym and studio owners, designed to streamline administrative processes within health and fitness establishments. The platform integrates various functionalities, including messaging, scheduling, billing, payments, and client communication, to enhance operational efficiency. By automating workflows and reducing cancellations, LegitFit aims to improve the overall customer experience while enabling fitness professionals to focus on their core mission of helping clients achieve their health goals. Through its comprehensive suite of tools, LegitFit empowers business owners to minimize costs, optimize productivity, and increase revenue.

Thomas Exchange Global

Acquisition in 2018
Thomas Exchange Global Ltd. is a London-based company that specializes in wholesale and retail foreign currency exchange services for both businesses and individual private clients in the United Kingdom. Founded in 1993, the company offers a range of services including foreign currency exchange, foreign money transfers, traveler's cheques, foreign accounts, and foreign credit cards. Its clientele includes banks, car dealers, travel agents, hotels, government staff, estate agents, and legal firms. The company operates through its branches across the UK and also collaborates with post offices to facilitate currency transactions. As of August 2018, Thomas Exchange Global operates as a subsidiary of FEXCO Holdings Ltd.

Changelink

Acquisition in 2018
Changelink is an original and longest established specialist retail foreign exchange operator. Changelink has occupied a prominent and market leading position in the London foreign exchange market.

Cambrist

Pre Seed Round in 2017
Cambrist is a financial technology company that specializes in enhancing cross-border payment experiences for cardholders. Their proprietary processing platform is designed to integrate seamlessly with card issuers, processors, and program managers across various payment types, including credit, debit, prepaid, virtual, and mobile cards. The company's cloud-based foreign exchange (FX) management platform focuses on increasing transparency and control over FX transactions, allowing banks to innovate their card programs with FX-based solutions. Cambrist's technology is flexible and designed for minimal integration effort, making it easier for partners to adopt and implement.

Currency Exchange Corporation

Acquisition in 2016
Currency Exchange Corporation Ltd., established in 1999 and headquartered in London, specializes in foreign currency exchange services for both individuals and businesses. The company operates over 25 branches across London and the surrounding Home Counties, offering real-time exchange rates on a wide range of currencies. It facilitates overseas money transfers, property purchases abroad, incoming foreign currency credits, and swift bank transfers through partnerships with financial institutions. Known for its competitive exchange rates, CEC guarantees to beat any competitor's deal on a like-for-like basis. As of March 15, 2016, the company operates as a subsidiary of FEXCO Holdings Ltd.
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