Company Database - Fexco

Fexco, an established fintech player, was founded in 1981 and is headquartered in Killorglin, Co. Kerry – in the Southwest of Ireland. The company has 2,600 employees and operates in 29 countries spanning Europe, the Middle East, APAC, North America, and LATAM.

Contact 

info@fexco.com

Year founded

1981

Core solution

Dynamic Currency Conversion (DCC), Multi-Currency Pricing (MCP), Payment Orchestration, Treasury Solutions, Bureau de Change and Remittances.

Target market

PSPs, fintechs, banks, ATM owners/operators, FX, merchants (retail, hospitality, ground transport, airlines, gaming, universities)

Geographical presence

Global

Licence type

Payment Institution (authorised by the Central Bank of Ireland) with permission to provide payment services across Ireland, the EEA, and the UK. The Fexco Group also includes a number of other regulated firms, among which, for example: a retail credit firm (Ireland), TCSPs (Ireland and the UK), an insurance intermediary (Ireland), and bureau-de-change/money service businesses (Ireland and the UK). We also operate as a regulated business in the Pacific region. In addition, some of our unregulated businesses support a large number of partner banks and peer firms with their respective regulated activities.

What account type do you serve: consumer, business, or corporate?

All account types

Number of currencies covered and geographic focus

We support all the major and minor currencies across the key global regions, as well as a portfolio of some exotic currencies. We buy and sell up to 64 currencies through our retail, online, or walk-up channels.

FX rates provided

Our rates are based on live inter-bank pricing updated throughout the day – depending on customer requirements.  We can offer up to 120 currency pairs to merchants. 

Payment options in

Settlements can be made to dedicated safeguarded client asset accounts in approximately 16 currencies – for payment processing. Our corporate payments service is subject to regulation by the Central Bank of Ireland and Financial Conduct Authority, and clients can be assured at all times that there is no risk to their funds.

Payment options out

Fexco has a number of payment options including GBP Faster Payments, SEPA, Worldwide Urgent, and standard payments – and we have a 97% straight-through processing rate.

Future developments

We continuously seek to leverage emerging technologies, such as AI and Open Banking, to create value for clients and optimal customer experience. Our research hub in Killorglin reflects our desire to harness these developments. 

Main clients/references

We have the top five of the world's biggest acquirers as well as the leading luxury retailers, hospitality, and travel retailers as clients. 

Partners 

AIB, Alpha Bank, Barclaycard, DAI Brasil, Global Payments, Mastercard, and Mitsubishi UFJ Nicos. 


Contact Fexco

https://www.fexco.com/
info@fexco.com