Five Years On – The Growth Of CurrencyFair [Infographic]infographics
If you don’t know already, it’s our 5th birthday this month – and to mark the occasion, here’s an infographic detailing the rise of CurrencyFair since its beginnings in 2010.
Click here or on the image below for the full piece.
Celebrating 5 Years of CurrencyFair
We created CurrencyFair because we were sick of paying too much when using the banks to send our money abroad.
We thought that other expats and people running businesses would jump at the chance to try a better way of doing things.
And we were right; we’ve now transferred over €2 billion, saving people well over €100 million in fees in the process. It’s been a great 5 years, but we’re only getting started!
CEO & Founder
We’ve transferred over €2 billion so far, and saved customers over €100 million in fees.
How CurrencyFair works
A traditional international bank transfer involves three banks – the sender, receiver and an intermediary bank, all of which take a fee.
With CurrencyFair, we avoid these fees by using domestic bank transfers at either end of your transaction. Our MarketPlace matches your needs with someone looking to exchange in the other direction – we use local account to transfer the money, and hey-presto: you’ve sent your money abroad for a fraction of the cost!
Currency Over Time
The number of currencies that we offer inside our MarketPlace has increased substantially over the past five years.
We now handle 17 different (sending) currencies, and counting…..Polish Zloty, Euro, GB Pounds, Canadian Dollar, Australian Dollar, Swiss Franc, US Dollar, Hong Kong Dollar, South African Rand, New Zealand Dollar, UAE Dirham, Swedish Krona, Hungarian Forint, Danish Krone, Czech Koruna, Norwegian Krone.
Beating The Interbank
On average between 9-12% of people beat the interbank rate using CurrencyFair – no other service can offer this!
In September 2014 we asked our customers “How would you rate your dealing with CurrencyFair’s Customer Service Team?”
88% scored us 8/10 or better!
It started with just four of us in 2010, and then we grew – a lot, to over 62 people five years later.
We’re a well travelled bunch too, with 12 different nationalities at CurrencyFair HQ, and we’re located all over the world – Ireland, the UK, Australia, Poland, Croatia and Romania, which is handy as 64.5% of us are multilingual.