FXPress to acquire Avila House

Thursday 20 August 2020 10:39 CET | News

Fintech FXPress has announced it will aquire Avila House, which is subject to regulatory approval.

FXPress is authorised and regulated by the UK’s Financial Conduct Authority (FCA), and HMRC for the provision of payment services.

The acquisition of Avila by FXPress will be completed by making a part cash and part shares purchase. However, the deal must first be approved by the FCA. This should help FXPress with expanding its product offering by providing access to accounts that allow customers to deposit and hold funds for future use. Customers will get individual IBAN numbers so that they can manage cash and complete Forex payments.

More: Link

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Keywords: fintech, FXPress, Avila House, Transfer, regulatory, UK, Financial Conduct Authority, FCA, HMRC, payments , IBAN, Forex
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech

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