When someone first looks into sending money abroad they naturally have questions and concerns. After all, we all work hard for our money and no-one wants to give it away to third parties if they don’t have to.
Trust is a big issue when it comes to a financial service provider.
In this article, we’ll look at how the international news media view the money transfer industry (including media reviews of CurrencyFair).
CurrencyFair, World’s Leading Person-To-Person Currency Exchange Marketplace, Raises €10 Million
The dominant person-to-person currency transfer platform operating in the £2k plus marketplace, secures €10 million round investment led by Octopus Investments.
CurrencyFair has today announced it has raised a €10 million funding round, led by Octopus Investments.
CurrencyFair was the first platform in the world to break the $1 billion barrier in money-matching transfers early last year. Since then, their growth has accelerated month-on-month across their main currency corridors between the UK, Europe and Asia-Pacific.
This latest funding round will help capitalise on the expanding new sector of peer-to-peer currency transfer, and enhance and expand CurrencyFair’s existing currency corridors. Participants in the round include venture capital investors Octopus Investments (‘Octopus’) with follow on from existing investors Frontline Ventures.
CurrencyFair has been experiencing exceptional growth over the last number of years as we reach more and more people around the world, with our product being the best way to transfer money internationally. Having transferred over €1.7bn and saved our customers over €100m to date, it’s an easy story to tell. Scaling up even further allows us to build more features, reach more people, communicate more efficiently and save even more money for our customers, but along with this exceptional growth comes associated challenges.
We love data here at CurrencyFair. MoveHub.com, the international moving company who are “dedicated to making your move abroad easier“, have compiled the below infographic based on personal disposable income (after all taxes) around the world.
The usual suspects feature near the top; Switzerland, Australia, USA and the Nordic countries, with tax havens and oil producers following closely. Zambia makes a surprise entry in the top five because, according to The Independent, “the range of surveyed incomes are quite high, distorting the average; the median would be much lower.”
There’s more good news for us here in Ireland after Sunday’s epic Six Nations Championship win – the average disposable monthly income is $31 higher than in the UK.
If you’ve ever felt out of your depth while your friends discuss the economic collapse, or the rise of crowdfunding, or just about the banking system itself, we’ve something that will help you.
The international banking system is an enigma. There are more than 30,000 different banks worldwide and they hold unbelievable amounts of assets. The top ten banks alone account for roughly 25 trillion U.S. dollars. Today, banking can seem very complex; but, originally, the idea was to make life simpler.
This excellent explainer video from the team at Kurzgesagt will give you everything you need to know in a light, entertaining way.
Since suffering a serious back injury in Ireland’s win against France on Valentine’s Day, Jamie Heaslip has had to watch his teammates progress from the sidelines. Sitting two points above England at the top of the table has certainly helped the Number 8 deal with his setback.
Jamie recently sorted us out with a signed Ireland rugby jersey, part of our sponsorship of the Six Nations coverage in Australia with beIN SPORTS, so we thought we’d check in and see how he’s progressing and how he feels Ireland’s campaign has gone so far. (transcript below)
London has a definite cosmopolitan vibe, with people from all over the world flocking to visit, live and work in the UK’s largest city. It’s been announced that the population has now hit 8.6 million, so you’d naturally think it’s a little cramped – but we’ve found some beautiful visual data to suggest otherwise!
Here’s a fancy graph on London’s population density. 21,000 people/km2 is far from empty, but to see just how crowded it is, you need to compare it to India’s capital city, Delhi (below). So next time you hear someone complaining about a crowded tube, tell them it’s not all that bad!
It might surprise you to learn that International Bank Note Society have a yearly poll to determine the “IBNS Banknote of the Year“, and have been doing so since 2004. What sparked our interest in the beauty of bank notes was a design competition to decide Norway’s new notes, which was finalised at the end of 2014, with design firms Snøhetta and Metric System sharing the win.
The theme is the meeting of land and sea, perfect for Norway and its reported 100,915 km of coastline (including all islands, fjords and everything in between). Whatever the numbers, we think the designs are really nice.
CurrencyFair Ltd is regulated by the Central Bank of Ireland. CurrencyFair Ltd is a Corporate Authorised Representative (No.419450) of CurrencyFair Australia Pty Ltd, regulated in Australia by ASIC (AFS License No. 402709). Data on CurrencyFair website(s) (including pricing data) is protected by database rights. All rights reserved Registered Office: First Floor, Westmoreland House, Westmoreland Park, Dublin 6, Ireland. CurrencyFair Ltd CRO: 469391 (Incorporated in Ireland)
The information contained on our website is general in nature. CurrencyFair has not taken into account your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain independent financial, legal and taxation advice before making any financial investment decision.
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