FreemarketFX Limited Market Research Report

Company Overview

Name: FreemarketFX Limited

Mission: No explicit mission statement found, but the company is focused on simplifying global transactions for B2B cross-border payments and currency exchange.

Founded: 2016

Founders: No information is available.

Key People:

Alex Hunn - Chief Executive Officer

Roger Hand - Chief Financial Officer

Karl Turnbull - Chief Revenue Officer

Geoff Close - Chief Risk Officer

Greg Sherwin - Chief Technology Officer

Headquarters:

UK: Metal Box Factory, 30 Great Guildford Street, London, SE1 0HS

Ireland: Office 301, Regus House, Harcourt Centre, Block 4, Harcourt Road, Dublin, D02 HW77

Number of Employees: Over 100 employees

Revenue: No information is available.

Known For: FreemarketFX is known as a leading fintech platform, providing regulated B2B cross-border payments and currency exchange services. They empower small to mid-sized businesses globally by optimizing their cross-border payments and currency exchange processes.

Products

Platform and Services Offered

1. Cross-Border Payments:

Innovative technology simplifies cross-border payment processes, optimizing payment networks for efficiency and speed.

2. Currency Exchange:

Executes currency exchange through a smart-order routing methodology for the best currency execution within its network.

3. Cash Management:

Allows receiving funds in 31 currencies from over 100 countries and reconciles payments in real-time via vIBAN capabilities.

Key Features

API and Web Portal Access: Offers services via RESTful API or web portal, enhancing user access flexibility.

Secure 2FA: Complies with FCA PSD2 for secure two-factor authentication processes.

Flexible Account Structure: Customizable hierarchical account structure tailored to business organizational needs.

Recent Developments

Recent Developments:

Strategic Partnerships:

Selected tell.money as a strategic partner for Confirmation of Payee services (September 10, 2024).

Joined The International Association of Money Transfer Networks (IAMTN) in August 2024.

Awards and Recognition:

Earned finalist status at the Pay360 Awards for the second consecutive year (July 25, 2024).

Ranked #17 in the Fast Growth 50 and #10 in The Sunday Times 100 Britain's fastest-growing private companies in 2023.

Business Milestones:

Secured growth capital investment from Baird Capital (May 23, 2023).

Received Central Bank of Ireland approval for European expansion (October 24, 2023).

New Products and Features:

No specific new product launches or features added to existing products are mentioned.

New Partnerships:

Strategic partnership with tell.money for Confirmation of Payee services.

Membership with IAMTN, indicating a strategic maneuver in aligning with international money transfer networks.

This report encapsulates both the core offerings of FreemarketFX Limited and recent company developments, focusing on their strategic movements in the global fintech and cross-border payments arena.