Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


In the latest sign that Europe’s financial tech scene is heating up, Ireland’s CurrencyFair has raised $10.6 million in a round led by the U.K.’s Octopus Investments.

“The money transfer sector has seen a lot of attention recently, with customers beginning to realize the high fees charged by banks when sending money internationally,” said CurrencyFair chief executive Brett Meyers in a press release.

Since launching, CurrencyFair has enabled more than $1 billion in foreign currency exchanges. The Dublin-based company is also part of a growing hub of financial tech companies in Ireland.

The company plans to use the latest funding to expand its platform to work with more currencies. In addition to Octopus, Frontline Ventures also participated in the latest round.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member