FAIRFX, a leading low cost multi-currency payments provider, is pleased to announce the admission today (5th Aug 2014) of its ordinary shares to trading on the AIM market of the London Stock Exchange and the commencement of dealings in its ordinary shares.

https://www.fairfx.com/

Admission Details:
· The Company has raised approximately £2.6 million before expenses through the placing of 5,726,667 new ordinary shares (the "Placing")

· The total number of ordinary shares in issue at Admission is 67,750,628 giving the Company a market capitalisation of approximately £30.5 million, based on the placing price of 45 pence per ordinary share

· The IPO will provide the Company with capital primarily to fund its marketing programme and enhance its existing product offering and products under development, thus enabling further growth of FAIRFX which should result in an increase in the Group's share of the multicurrency payments market. Cenkos is acting as Nominated Adviser and Broker to the Company

Overview of FAIRFX
· Well placed to capitalise on the rapidly growing online multi-currency payments market

· Recognised as a leading provider of foreign exchange payments and provides transactional services to both personal and business customers

· Strong historic growth, revenue grew by 46 per cent. from £221.0 million (FY2012) to £322.4 million (FY2013)

· Gross profit also grew from £2.1 million to £2.8 million in the period FY2012 to FY2013

· Consistently top ranked for its currency card offering in respect of rates and customer satisfaction by consumer ratings companies by MoneySavingExpert.com and MoneySupermarket.com

· Partnered with Concur Technologies, Inc. a leading provider of integrated travel and expense management solutions to provide an integrated service across their two respective platforms

· 'White Label' distribution deals for the use of its P2P matching platform, including agreements with EasyJet, ThinkMoney and Pitney Bowes

Ian Strafford-Taylor, Chief Executive of FAIRFX commented, "We are delighted to have successfully listed on the London Stock Exchange and pleased with the level of support received from investors who recognise the growth potential for FAIRFX. Our decision to become a public company will allow us to enhance our profile and credibility and provide us with access to funding for our aggressive growth plans. We are looking forward to a successful future as an AIM listed company."

Floated at 45p, now 72p!
Shame I had no spare cash at the time! :o(

Looks interesting Harry - was it an IPO?

Certainly was. I use them for currency transactions, so had a bit of a vested interest, but good to see them make a success so far.

StockMarketWire.com
FAIRFX, a leading low cost, multi-currency payments provider, is pleased to announce the appointment of John Pearson as its new non-executive chairman.

Jason Drummond, the previous chairman who co-founded the Company in November 2005 and led the board through its recent successful listing on AIM, has informed the board that he has taken on the position as CEO at one of his other companies.

Consequently, he now needs to focus more of his time and attention on this role. Accordingly, he has stepped down from the board of FAIRFX to concentrate on his new duties.

Pearson has considerable experience in the digital, media and broadcast industries. He was co-founder and CEO of Virgin Radio for 13 years. He was also Chairman of Shazam Entertainment, a smartphone-based music identification service; co-founder of World Architecture News.com; and a director of Ginger Media Group. He is also co-founder of The Food.com. John's appointment is effective immediately.

Drummond will continue to advise the Company as required on its next generation of technology, including apps and website development.

Harry, any chance of an email address to ask the odd question? mine's on mam if it's ok. :))

StockMarketWire.com
Multi-currency payments provide FAIRFX Group reports strong trading in 2014 and sees substantial growth prospects for this year.

The group said multi-pay and single-pay product revenues were ahead of its expectations resulting in total gross revenues of in excess of £470m which represents growth in excess of 45% year on year.

Another 42,303 customers were added in the second half of the year, bringing the year-end total to 86,397 new customers, representing year-on-year growth of 46%. The group says this reflects the success of its continuing aggressive customer acquisition strategy, supported by increased marketing and IT spend.

Chief executiveIan Strafford-Taylor said: "A successful placing of new shares in August and again last month has added the financial firepower to enable an acceleration of our customer acquisition strategy, of both corporate and individual clients. We will continue to grow FAIRFX through a targeted increase in marketing spend allied to planned IT development.

"In addition, in 2015 we will add new locations for FAIRFX outside of the UK which will yield benefits for both customers and FAIRFX because our peer-to-peer platform enables us to disintermediate the marketplace for our back-to-back hedging and match both sides of a trade. The benefits of our stated strategy of growing customers and volumes through our platform whilst taking no FX risk were amply demonstrated last week as the removal of the Swiss Franc peg and subsequent market turmoil did not affect the business at all as we run no currency exposure.

"The compelling logic for a land-grab of customers for FAIRFX remains in place and we firmly believe that we remain the best rate and service offering in the foreign exchange market place. We remain confident that 2015 will see us achieve further strong growth in all our KPIs."

StockMarketWire.com
FAIRFX, the travel money and foreign exchange specialist, has brokered a deal with Sky Media for the cross platform sponsorship of Sky Sports F1 this year. The partnership, spanning the Sky Sports F1 channel, Sky Go, Skysports.com and Sky Sports Mobile App, will commence from the first practice session at Malaysian Grand Prix on 27 March, and will run until the conclusion of the Abu Dhabi Grand Prix on 29 November.

Chief executive Ian Strafford-Taylor said: "We are delighted to have agreed this partnership with Sky Media to sponsor Formula 1, on Sky Sports. The massive global following of Formula 1, combined with the innovation and cutting-edge technology it represents is a perfect fit for FAIRFX, which uses smart digital technology to deliver better value and service to over 400,000 global travellers and holidaymakers. "As channel sponsor we will be able to reach a much wider audience for our products more quickly. We are delighted to be following in the footsteps of major brands such as Shell V-Power, Rolex and Santander and we are confident this will deliver significant benefits in terms of brand recognition and new business."

Results for the year ended 31st December 2014

FAIRFX, the FinTech business specialising in low cost, multi-currency payments, announces its full year results for the year ended 31st December 2014.

Performance Highlights for 2014
· 47% increase in revenue to £475.3m (2013: £322.4m)
· 86,397 new customers added to the business, bringing the total to 404,710 (2013: 58,925 new customers)
· 62% revenue growth to £213.7m within money transfer and deliverable FX execution products; multi-payment products revenue up 38%
· 38% increase in gross margin to £3.8m (2013: £2.8m)

Post Period End (to 24th March)
· 90% growth in revenues in first 12 weeks to £143.1 million (2014: £75.1 million)
· 66% growth in customer acquisition with 21,515 new customers added, bringing the total to 426,225 (2014: 12,960 new customers)
· Became title sponsor of Sky Sports Formula 1 programming for the 2015 season
· Additional Financial Conduct Authority permissions added

Commenting on the results and outlook, Chief Executive Officer, Ian Strafford-Taylor, said:
"FAIRFX has had a strong year in 2014 and since joining AIM, our customer-focused innovation and agile technology platform have enabled accelerating growth. Against this backdrop we have enhanced the management team of the business and improved controls and compliance. As such the business combines solid foundations with the pace of a FinTech and is structured for scale.

"We look forward to delivering further growth in the coming year and continuing to meet the expectations of all of our stakeholders."

FAIRFX and Hertz announce partnership
London, UK - April 30 2015 - FAIRFX, the travel money and foreign exchange specialist, is pleased to announce that it has signed a partnership with international car hire provider Hertz Europe Ltd to cross-promote each other's products to their respective customers.

The partnership will commence from 30th April 2015 and is expected to generate reciprocal benefits of accruing additional customers for both FAIRFX and Hertz whilst delivering enhanced value to their existing client bases.

Hertz will promote FAIRFX to its customers who will then have direct access to FAIRFX's market-leading prepaid currency cards, travel cash and money transfer services for consumers and businesses. In addition, Hertz customers will enjoy exclusive benefits and special offers on FAIRFX products.

In return, FAIRFX will promote Hertz, which has over 90 years' experience in vehicle rentals, to its customer base of over 400,000. As FAIRFX customers, Hertz will provide the best offers and deals on car rental worldwide as well as other benefits.

Ian Strafford-Taylor, CEO of FAIRFX Plc, commented: "We are delighted to partner with Hertz, which gives us a unique opportunity to introduce our travel money and money transfer solutions to a new audience of travellers whilst at the same time being able to offer our existing customers a great deal on car rental. We look forward to a relationship that will improve the travel experience of both Hertz and FAIRFX customers."

Carmen Gomariz, Partnership Marketing Manager of Hertz Europe Ltd, stated: "We at Hertz are pleased to be partnering with FAIRFX to give great deals on car hire to their customers and in return benefit Hertz customers with FAIRFX's market leading products. Hertz and FAIRFX share many core values including a strong emphasis on transparency coupled with excellent customer service and so we are delighted to be embarking on this journey with FAIRFX."

StockMarketWire.com
FAIRFX, the FinTech travel money and foreign exchange specialist, has announced three key developments central to fulfilling its stated marketing strategy.

These are: the launch of our new TV advert, a newly designed mobile-friendly "responsive" website and significant improvements to the FAIRFX app offering, including an Apple Watch version.

The new FAIRFX television advert started airing on Monday 1st June across various channels including ITV, Channel 4 and Sky to directly address its target market and drive both brand awareness and customer acquisition. The advert focuses on FAIRFX's multi-award-winning* prepaid currency cards, to help develop its category leadership and support its future growth plans.

To maximise conversion from traffic driven to the FAIRFX website by the advert, FAIRFX has also rolled out an updated mobile friendly website. The responsive website has been designed with a focus on user experience and improving the customer journey, making it easy for customers to transact anywhere in the world.

Furthermore, FAIRFX has also launched new versions of its app which runs on both iOS and Android, together with a version designed especially for the new Apple Watch. These releases are a natural progression of FAIRFX using technology to mirror changes in customer behaviours and preferences.

FAIRFX (AIM: FFX) the FinTech travel money and foreign exchange specialist is pleased to provide a trading update for the six months ended 30 June 2015.

Trading Performance
Total turnover for the six months to 30 June 2015 was approximately £310 million, an increase of in excess of 40% year on year, building on the strong growth seen in 2014.

Total new customers added in the half year were 60,495, a growth of 37% year on year bringing total customers to 465,205 as at 30 June. More importantly, given the stated strategy to focus on the acquisition of card customers in the multi-pay space, a total of 41,808 new cards were sold, an increase of 55% year on year. Given the major marketing push for 2015 started in June, the growth in the first half can largely be attributed to the momentum built in 2014.

On 1 June, FAIRFX commenced a focussed marketing campaign with the launch of a new TV advert and a website re-design that incorporated a mobile-responsive framework. Both of these initiatives were completed on schedule and June was the first month that reflected the benefits directly, with 13,018 new cards sold, an increase of over 83% year on year. This strong growth has continued into July with 7,633 cards sold as of 19th July 2015, an increase of 95% year on year. As further proof that the marketing campaign is working, a YouGov survey commissioned by the Company has shown the new TV advert helped grow brand awareness by more than 70% among UK adults and an even better increase of 88% within our core target audience of ABC1 adults(1). Furthermore, the website re-design and introduction of a mobile-responsive format have improved the conversion of traffic to new card customers by up to 57%(2).

Commenting on the performance and outlook, Chief Executive Officer, Ian Strafford-Taylor, said:

"We are delighted with our trading in the first six months and in particular the response to our marketing campaign. Our focus for 2015, as outlined in our January trading statement, was to grow FAIRFX through a targeted increase in marketing spend allied to planned IT development, and this is precisely what we have done.

"In the first half we have put in place all the pieces to drive success in our key summer seasonal sales period, including our new TV advert, a complete re-work of our website, which included making it mobile-responsive, and enhancing our mobile apps. We achieved this on schedule for a June 1st TV launch and the success of this strategy is reflected in the numbers of cards we have sold in June and July and we expect this to continue through the summer.

"The second half of the year will be dominated by continuing customer acquisition coupled with active cross selling of our other products, especially FairPay and Dealing. In addition, we will start the process of adding new locations for FAIRFX outside of the UK which will yield benefits for both customers and FAIRFX because our peer-to-peer platform enables us to disintermediate the marketplace.

"We have spoken before of the compelling logic for a land-grab of customers for FAIRFX and the performance of the business across the first half and especially in June and the first half of July have provided us with more concrete evidence of the success of this strategy."

FAIRFX wins British Travel Awards' Best Foreign Exchange / Travel Money Retailer 2015

Leading travel money and currency card provider, FAIRFX has picked up the award for Best Travel Money Retailer at the British Travel Awards 2015, knocking the Post Office off its perch.

The announcement was made on 25 November at a glamorous Gala Awards ceremony, held in London and attended by close to a thousand travel industry people.

These highly acclaimed awards are selected through a public voting system and verified by Deloitte, with more than a quarter of a million people voting this year to determine the winners.

FAIRFX's win caused quite an upset as the Post Office has won this category for the past 7 years, however the public has spoken: deciding FAIRFX is now the UK's best travel money and currency card provider.

Proposed Placing, strategic investment by Crystal Amber Fund and 2015 trading statement
£5.25 million investment to accelerate marketing strategy

Strong overall performance in 2015 due to focus on growing FairFX Card businesses

FairFX, the low cost multi‐currency payments service, is pleased to announce a proposed placing to raise £5.25 million (before expenses), including a significant strategic investment from Crystal Amber Fund Limited ("Crystal Amber") of £5.0 million. The Company also provides an update ahead of its full year 2015 results.

Highlights of proposed investment:
- Proposed Placing totaling £5.25 million at 20p per share from new and existing investors;
- Crystal Amber investing £5.0 million as part of the Placing;
- Conditional Issue of Warrant to Crystal Amber over 7,500,000 new Ordinary Shares;
- Strategic investment will be used to accelerate FairFX's marketing activities and aggressively target the Corporate Card segment in 2016;
- FairFX will be funded to execute its proposed marketing and organic expansion strategy; and
- Crystal Amber will hold approximately 24.24% of the enlarged issued share capital following the issuance of the Placing Shares*.

* Conditional upon the FCA Condition being satisfied as further described in this announcement.

2015 trading highlights:
- Full year 2015 turnover up 32% to approximately £625 million;
- 75,039 new currency card customers acquired during the year, up 56% on 2014; and
- Across all product segments, a total of 103,338 new customers acquired during the year, up 20% on 2014.


An explanatory circular containing a notice of General Meeting of the Company to be held at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA on 29 March 2016 at 11.00am, will shortly be posted to Shareholders (the "Circular") and will be made available to view on the Company's website at www.fairfxplc.com/investors. Unless otherwise defined, defined terms within this announcement have the same meanings as those to be set out within the circular. Definitions are also set out at the end of this announcement.

StockMarketWire.com
FairFX Group has confirmed that Crystal Amber has obtained approval from the Financial Conduct Authority over the acquisition of a qualifying holding in the group's subsidiary FairFX Plc. This follows the group's recent conditional placing with Crystal Amber.

FairFX expects to issue all the 26,250,000 placing shares in one tranche.

Crystal Amber will invest the full amount of its placing participation, being GBP5.0 million, in the company. This strategic investment will be used to accelerate FairFX's marketing activities and aggressively target the Corporate Card segment in 2016.

StockMarketWire.com
Turnover at FairFX Group, he low cost multi-currency payments service, rose by 31.9% to GBP626.8 million in the year to the end of December.

Revenue was up 35.7% at GBP7.4 million and gross profit rose 31.8% to GBP5.0 million.

The group said the pre-tax loss of GBP3.4 million was in line with forecasts.

Chief executive Ian Strafford-Taylor said: "The company had a strong 2015 and delivered excellent revenue improvements by following our strategic focus on the increasing retail card customers. Maintaining our strategy of investment in marketing and technology has yielded discernable improvements in customer conversion rates and increased customer spending. Since raising significant funds in Q1 2016, the Group is now in a strong position to push forward with its focus on the corporate card market, whilst maintaining its level of activity in acquiring new retail customers.

"Despite a somewhat weaker macro environment during Q1, our underlying customer base is performing strongly. Spending on retail cards is up 25% on Q1 2015 with top-ups of existing cards also showing growth. In addition, overall customer activity has picked up in recent weeks and we have some exciting deployments of new technology scheduled before our peak summer season. Accordingly, we are confident the Group remains in line with market expectations for the full year."

StockMarketWire.com
FairFX, the FinTech low-cost multi-currency payments service, has extended its international payments service into the domestic South African market through a tripartite agreement with Morgan West Ltd and Mercantile Bank.

Services providing foreign exchange into South African Rand (ZAR) to send into South Africa are widely available. Converting ZAR into other currencies for movement out of South Africa is more challenging and demands a local footprint, which FairFX now offers.

Under this new service, customers will have access to FairFX's telephone dealing desk, where a personal account management service will support them when transferring funds both to and from South Africa.

FairFX says it offers highly competitive rates in the ZAR market, which are significantly better than those of domestic banks. It says someone transferring ZAR 500,000 could save up to ZAR 10,000 by using FairFX's service. In addition, through its tripartite agreement with Morgan West and Mercantile Bank, FairFX is able to provide a range of services to customers, including applications for foreign tax clearance certificates and special SARB approval support. FairFX will now look to expand its presence in South Africa further through delivering a full-service offering, including currency cards.

StockMarketWire.com
FairFX, the FinTech low-cost multi-currency payments service, won the Moneywise award for most trusted prepaid card provider at a ceremony in London last night. The company was selected over competitors in the prepaid card space such as Travelex, Thomas Cook and the Post Office.

In a vote by customers and Moneywise readers, the awards recognised the UK's most trusted and best-respected companies.

There were 64 businesses that reached the final awards shortlist, with the winners being selected from hundreds of thousands of customer responses.

The award comes directly after FairFX has announced its expansion into the South African market, where it looks to deliver a full-service offering, including currency cards.

Chief executive an Strafford-Taylor said: "It's incredibly gratifying to win this "most trusted" award, especially as it is voted for by customers. FairFX strives to provide the best customer experience it can by understanding people's needs and providing the fairest rates on money exchange. We look forward to building on this success and continuing to deliver a superior offering for all our customers."

StockMarketWire.com
FairFX, the FinTech low-cost foreign exchange provider, has signed an agreement with Holiday Extras to mutually promote each other's products.

Holiday Extras is the UK market leader for booking travel extras - including airport hotels, travel insurance, parking and lounges as well as destination car hire. Holiday Extras processes in excess of 4 million transactions a year with the vast majority being online.

FairFX believes that Holiday Extras represents an ideal partner for the company due to the shared objective of improving customer experience through innovative technology, a broad product range and highly competitive pricing. Under the agreement FairFX will promote Holiday Extras products with exclusive benefits for FairFX customers.

In return Holiday Extras will promote FairFX products to its customer base. The average lead-time between a typical Holiday Extras customer booking a product and their departure date makes the partnership a strong strategic fit and will enable FairFX to reach more consumers in a targeted fashion.

StockMarketWire.com
FairFX, the FinTech low-cost currency provider, delivered a record week in terms of KPIs during the final stages of the UK referendum, with revenue up 30% on the previous record week achieved in July 2015 and up over 50% on the corresponding week in June 2015.

Against this background of record volumes, FairFX's platform and IT systems remained fully operational throughout the last few days of the Referendum when some peers did not accept business, underlining the robustness and scalability of the Company's IT systems and processes.

The company has also experienced an exceptionally busy period throughout June and as such is cautiously optimistic about the immediate prospects for trading volumes. The Company will update the market further with its trading statement in July.

Chief executive Ian Strafford-Taylor said: "I am immensely proud of what we achieved last week during the busiest period in our history. Our infrastructure enabled us to carry on providing our services to customers through the whole process, whilst we also had people in place 24/7 to constantly update our rates and ensure minimal FX risk. To come through this period with a record week only goes to emphasise how resilient and scalable our business model has become."

StockMarketWire.com
FairFX (FFX) continued its strong growth across its core products of currency cards and international payments for retail and corporate customers.

Turnover for the first half of 2016 was up 9% on a year on year basis to in excess of £341 million, ahead of management expectations.

A more profitable business mix led to an improved gross margin, with total turnover from prepaid cards and international payments up 15% and 23% respectively.

Usage of the company's corporate card platform rose 64% on a year on year basis. This sustained growth in the period was followed by a record week for the company during the Brexit referendum period, in which FairFX continued to service customers whilst competitors temporarily closed some operations.

On the retail card and travel money side of the business, the complete overhaul of the website and mobile app, as well as a re-branding of all marketing collateral, reaped rewards in terms of both new customer acquisition and increased transactions from the existing client base.

In particular, the roll-out of a revamped 'my account' section on the website has decreased usage friction whilst increasing cross-selling to existing customers.

The company also successfully introduced a special promotion of refunding ATM fees to customers. This measure, combined with better-targeted marketing and brand consistency, is driving customer acquisition.

The company also saw a significant increase in its media coverage where it has been called upon for expert comment on the travel money sector. This has led to greater awareness of the brand and our service offering, as well as third party endorsement.

Growth in the corporate card segment leapt 64% during the period. With several deployments planned for the second half of 2016 that will yield tangible improvements to both the functionality and usability of the platform, the outlook is very positive.

The period leading up to Brexit and its aftermath was the busiest in the company's history in terms of volumes of business transacted.

Whilst many competitors ceased accepting transactions for some or all of this period, FairFX remained fully operational throughout. This serves to demonstrate the robustness and scalability of the company's systems.

Post-referendum, after an initial pause, we have seen strong volumes in July as consumers adapt to the lower sterling exchange rates.

StockMarketWire.com
FairFX, the FinTech low-cost currency provider, is partnering with VizEat, Europe's largest social dining network.

The agreement follows a significant list of other recent complementary deals between FairFX and leading business and organisations.

The agreement is designed to offer customers access to unique travel experiences while getting the best value for money when they are overseas.

Aligning with FairFX's core values, VizEat customers can benefit from preferential exchange rates, FairFX prepaid currency card offers and travel money expertise.

Since being founded in 2014, VizEat has 90,000 members from more than 100 countries; the number of food experiences it offers has grown by 50% every month and its website is now available in English, French, Italian, Spanish and German.

The agreement offers customers a discount to enjoy an authentic culinary experience with local hosts, such as a shared meal, a food tour or a cooking class. The customer experience will also be improved through shared tips and advice for all aspects of their holiday.

StockMarketWire.com
FairFX, the low cost multi currency payments service, says its overall performance has continued to be strong since reporting its interim financial results and remains in line with market expectations.

Turnover in the four months to 31 October was up 45% year-on-year at £314 million, while turnover for the year to 31 October was up 24% at £656 million.

The group also says it has significantly strengthened its senior management team with the appointment of James Hickman as chief commercial officer, effective from 1 December.

At FairFX, he will be responsible for driving more revenue growth across all product lines with a principal focus on the corporate sector.

Chief executive Ian Strafford-Taylor said: "The business continues to make great strides and has performed well during what has been a volatile period for the currency markets. We are also particularly encouraged that the corporate card platform has been achieving such strong growth against this backdrop.

"I am also delighted that James Hickman is joining FairFX as Chief Commercial Officer. This is a key strategic hire for FairFX and James has an outstanding record in the currency payments industry. He will be playing an integral role in the next stage of our growth."

StockMarketWire.com
FairFX says turnover for the 12 months ended 31 December was up 27% and exceeded £795 million (2015: £627 million), which was ahead of management expectations.

In addition, revenue for the period is expected to show similar growth and also surpass management expectations.

FairFX says growth accelerated during 2016, with total turnover in the second half being 45% ahead of the same period in 2015. Growth was driven by continued focus on the core products of International Payments (up 49%) and Prepaid Cards (up 25%). Accordingly, excluding the lower margin cash-in-the-post business, turnover growth was approximately 40% for the year.

In keeping with the Group's stated strategic objective of growing the Corporate segment of the business, usage of the company's corporate card platform rose by 98% compared to 2015. Furthermore, during the period 80,082 new retail customers were acquired bringing the total to 588,130, with a much higher focus on card customers over cash-in-the-post customers. The company's overall focus in 2017 will be on continuing its broad-based growth targeting the higher margin core segments of the business.

Chief executive Ian Strafford-Taylor said: "The performance of FairFX during 2016 gives us great confidence for the prospects for 2017 and beyond. The Company gathered momentum as the year progressed as borne out by the growth figures for the second half of the year. We have a clear roadmap internally for what we will work on in the first half of 2017 and we see this year as another exciting period for FairFX."

StockMarketWire.com
FairFX, the low cost multicurrency payments service, has agreed to acquire the entire issued ordinary share capital of Q Money Limited with its associated e-money licence. FairFX said the acquisition was an important milestone in the evolution of the group and opened up many exciting opportunities.

StockMarketWire.com
FairFX has launched a same-day payments service into mainland China.

FairFX said the latest development now made it one of the few providers capable of facilitating multi-currency transactions, including renminbi, into the Chinese market for personal as well as business payments.

FairFX said sending payments directly to mainland China was a big issue for many companies trading with the region.

It said its payment service offered a fast, efficient solution to this problem and most were credited within 20 minutes.

Chief commercial officer James Hickman said: "This is a fantastic solution for our business customers and gives FairFX a competitive edge over other providers who are unable to facilitate such rapid payments into China.

"FairFX sees China as a huge opportunity for growth and this latest development is further evidence that the Company is continuing to broaden its geographical reach and use technology to make efficiencies and drive costs down for our customers."

StockMarketWire.com
FairFX, the multicurrency payments specialist, has agreed a deal with Sky Media to be a sponsor of Sky Sports F1 for the 2017 season, having previously sponsored the channel in 2015.

The campaign commences with the first practice session at the Australian Grand Prix on 24 March, and runs until the conclusion of the season at the Abu Dhabi Grand Prix on 26 November.

Sky Sports F1 is the only place where viewers can watch all 20 races live in HD and now ultra HD.

StockMarketWire.com
Multicurrency payments service FairFX's revenues topped £10m for the first time in the year to the end of December rising by 27.9% to £10.2m.

Turnover - the gross value of currency sold - increased by 27.4% to £798.3m and gross profits of £7.5m were 31.2% up on last time.

Other highlights include:
- International payments turnover up 49.2% to £446.5m

- Currency card turnover up 24.1% to £299.0 million

- Trading loss of £1.4 million, a reduction of 58% on prior year and ahead of expectations

- Fourth quarter net profit achieved

Chief executive Ian Strafford-Taylor said: "The Company had a very successful 2016 beating expectations in terms of all KPI's, with turnover increasing strongly, revenue breaking through the £10m barrier and improved margins boosting gross profit.

"FairFX also made big strides towards profitability, with the loss for the year more than halved compared to 2015 and profitable trading achieved in the final quarter of the year.

"Importantly, the 2016 results were achieved whilst FairFX maintained its marketing spend, capturing a significant number of new customers and further building its brand awareness.

"Even more pleasing is that this was accomplished despite the challenging trading conditions that resulted from the prolonged Brexit referendum process in the first half.

"The top line growth has continued into 2017 through the first quarter and the Company is significantly better equipped to maintain this growth as it targets a net profit for 2017.

"With the continuation of the company's strategy to maintain momentum in the retail product, whilst successfully growing the corporate offering, the board is confident that the outlook for the full year remains in line with market expectations."

StockMarketWire.com
FairFX, the low cost multicurrency payments service, has signed a partnership agreement with easyCurrency, the online zero fees/commission forex boutique, which is part of the easyGroup family of brands owned by Sir Stelios Haji-Ioannou.

As part of its agreement with easyCurrency, FairFX will be offering currency cards, cash and international payments services to easyGroup customers through easyCurrency.com.

FairFX said: "The online easyCurrency portal offers better conversion rates than currently offered by existing High Street outlets - as well as the security of cash home delivery.

"The partnership will simplify the process of foreign exchange for easyCurrency customers and will open up new revenue streams for FairFX.

"easyCurrency customers will also benefit from preferential rates for the lifetime of their relationship with FairFX."

StockMarketWire.com
FairFX achieved its first interim net profit since IPO, which was ahead of management expectations.

A trading statement said turnover for the first half to the end of June was up 25.8% year on year to £433.8 million with broad-based growth.

It said a combination of a more profitable business mix, leading to an improved gross margin, and cost benefits of rationalising the supply chain resulted in the profitable period.

Total turnover from prepaid cards and international payments rose 23% and 35% respectively.

It said usage of the company's corporate card platform rose 93% year on year.

It said the sustained growth in the period was achieved despite the headwinds of the UK General Election, which weakened Sterling both before and after the result.

Chief executive Ian Strafford-Taylor said: "The performance of the Group in posting a profitable first half is a significant achievement.

"Historically the first half has been weaker than the second half and to reach this point ahead of our expectations is an excellent result.

"FairFX is well positioned to continue its strong growth and we are confident about making further progress in 2017."

StockMarketWire.com
FairFX has noted the recent movement in its share price and confirmed that it was in advanced negotiations over a substantial acquisition of a payment services business.

It said the possible acquisition, should it proceed, would be financed through an equity placing and open offer with existing shareholders to raise approximately £25 million through the issue of new ordinary shares in the company at a price of around 58p per share.

It said it was expected that the consideration payable for the possible acquisition, should it proceed would be approximately £15 million, the majority of which was expected to be satisfied in cash

StockMarketWire.com
FairFX Group, an online international payment services provider, has announced the proposed acquisition of CardOne for £15m and a fundraising of up to £26m.

The group said the fundraising comprised a conditional placing of 46,034,485 new ordinary shares at 58p apiece to raise approximately £25.0m, net of fees and expenses, and an offer to shareholders to subscribe for up to 1,730,669 at the same price to raise up to £1m.

Chief executive Ian Strafford-Taylor said: "The acquisition of CardOne is a major step forward for FairFX as the Group looks to broaden its offering and build a digital banking services company.

"To date, FairFX has been successful in disrupting the currency payments market by offering its customers a better service and value.

"CardOne has done much the same in the banking space, and together we believe we can provide a product offering which will deliver greater services and faster growth."

Update re. Acquisition of CardOne
Further to its announcement on 8 August 2017 regarding FairFX's conditional acquisition of CardOne, the Company announces that the FCA has now consented to the acquisition by FairFX of a Qualifying Holding (as defined in Payment Services Regulations 2009) in CardOne as a result of completion of the proposed Acquisition, in connection with the Payment Services Regulations 2009. This Acquisition remains conditional on, inter alia, the passing of the Resolutions at the General Meeting to be held later today.
The Company will provide a further update on the Fundraising and Acquisition following the General Meeting.

Result of General Meeting and Open Offer
Further to the announcement on 8 August 2017 regarding FairFX's proposed acquisition of CardOne, a conditional Placing to raise approximately £25.0 million (net of fees and expenses) and an Open Offer to raise up to approximately £1.0 million, the Company announces that all Resolutions put to Shareholders in connection with the Fundraising and Acquisition were duly passed.
Furthermore, the Company announces that it has received valid acceptances from Qualifying Shareholders in respect of 4,637,813 Open Offer Shares, including applications for 3,422,608 Open Offer Shares under the Excess Application Facility. This represents approximately 268 per cent. of the maximum number of Open Offer Shares available under the Open Offer.
Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement. In addition, Qualifying Shareholders will be allocated any shares applied for under the Excess Application Facility on a pro rata basis.

StockMarketWire.com
FairFX, the e-banking and international payments group, has posted its maiden half year profit of £0.2m against a net loss of £0.9m last time.

Turnover for the six months to the end of June rose by 26% to £434.0m and revenue increased by 33% to £6.1m.

Gross profit was up 37% at £4.8m.

Chief executiveIan Strafford-Taylor said: 'The first half of the year has resulted in a strong performance across the business, with a maiden half-year profit following our first profitable quarter in Q4 2016.

'Top line turnover growth has continued, and with the Group operationally geared, revenue is increasingly flowing through to profit.

'This trend is expected to continue in the second half of the year as we continue to grow and rationalise the supply chain.

'Achieving this performance against a backdrop of weak sterling, which is historically a headwind for the business, is a great testament to the strides we have taken in recent years to broaden the product mix.

'The outlook for the Group is further enhanced by our acquisition of CardOne.

'In the short time since the deal was completed, we have already made significant progress in combining our two businesses into one and we are starting to extract cost synergies with more to come.

'I am particularly delighted with how the businesses complement each other and how the two locations are already working together as a unified team.'

StockMarketWire.com
FairFX has announced the launch of its multi-currency business current account, Fair Everywhere.

It said this marked its first step into the SME banking sector since its acquisition of CardOne earlier this year.

It said the new business current accounts would be made available to customers in early 2018.

StockMarketWire.com
FairFX has announced that Mastercard has granted the Company full membership status, which gives it a licence to issue Mastercard branded cards, initially across Europe but with other regions to follow.

Ian Strafford-Taylor, CEO of FairFX, said:
"Gaining Mastercard Membership is a major step in our stated aim of reducing FairFX's reliance on third parties and providing choice for the business. We can now place our various products and services through the supply chain that fits best from the perspective of cost, flexibility and reliability. Going forward this will simplify our product iteration and reduce our cost base which will ultimately benefit our customers."

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Acquisition of City Forex Limited
FairFX, the low-cost multicurrency payments and banking service, is pleased to announce that it has acquired the entire issued ordinary share capital of City Forex Limited ("City Forex") for a consideration of £6 million payable in cash ("Acquisition").

The Acquisition is a further milestone in the evolution of FairFX and is expected to be immediately earnings enhancing. Furthermore, it fits with FairFX's stated core growth themes, namely extracting increasing economies of scale whilst adding product innovation.

City Forex's service offering is primarily focused on two key products, International Payments and Travel Currency, which is accessible to both business and consumer segments through its proprietary platform and its three central London based branches respectively.

Its high-quality customer base includes business customers that range from City-based businesses to SMEs around the UK. The City Forex International Payments division services approximately 2,000 business and 8,000 private client customers.

Within its Travel Currency division, City Forex fulfils almost 200,000 currency orders per annum across a number of supply verticals, including walk-in retail trade, the servicing of employee discount schemes, corporate accounts and supply partnerships such as that undertaken with FairFX.

City Forex has been a partner of FairFX since 2007 and provides the operations for FairFX's Travel Currency service - which is a key component of attracting and then retaining customers for FairFX. One of the benefits of combining the two companies is that the enlarged Group will control the entire supply chain for the Travel Currency service. In addition, City Forex's large and growing International Payments business is expected to provide economies of scale from banking partners when combined with existing FairFX volumes.

Final results for the year ended 31 December 2017

FairFX, the e-banking and international payments group, is pleased to announce its audited full year results for the year ended 31 December 2017.

Financial highlights:
· Group turnover(1) in excess of £1.1 billion (2016: £0.8 billion), an increase of 41%

· Group revenue of £15.5 million (2016: £10.2 million), an increase of 52% (33% on a like for like basis)

· Gross profit of £11.9 million, up 60% (39.1% on a like for like basis)

· Adjusted EBITDA(2) of £1.0 million (2016: loss £1.5 million)

· Adjusted PBT(3) of £0.9 million (2016: loss £1.6 million)

· First full year of profitability

(1) Turnover is measured by gross value of currency transactions sold of £936.6 million plus gross value of deposits into bank accounts of £184.9 million for a total of £1,121.5 million

(2) Adjusted EBITDA is earnings before interest, tax, depreciation and amortisation charges, acquisition-related expenses, share-based payments and foreign exchange gains and losses

(3) Adjusted PBT is profit before tax, acquisition-related expenses, amortisation of acquisition intangibles, share-based payments and exchange rate gains or losses

Operational highlights:
· Milestone year of development with substantial growth in scale and diversification of operations

· 73,237 new customers added to the business bringing the total to 728,985

· Acquisition of Q Money Limited in January provided Group with e-money licence to diversify business

· Oversubscribed fund-raise of £26 million (net of expenses) to acquire digital banking provider, CardOne Banking.

· Full MasterCard Membership granted, providing path to simplify supply chain

Q1 2018 highlights:
· Group turnover up 125.9% to £439.5 million (31.6% on a like for like basis)

· Group revenue up 85.3% to £4.8 million (18.7% on a like for like basis)

· Acquisition of International Payments Business, City Forex, for £6 million

· Commencement of self-issuance of MasterCard branded cards

· Agreement with Alternative Business Funding to provide FairFX business customers access to lending

Commenting on the results and outlook, Ian Strafford-Taylor, Chief Executive Officer, said:
"2017 has been a ground-breaking year for the Group in terms of growth and expansion of operations. The Group has reported its maiden full year profit as a public company and completed over £1 billion of transaction volume for the first time. The strategic acquisitions of Q Money Limited and CardOne Banking have been key to evolving the business and enabling FairFX to move further into the digital banking sector. 2018 will see the Group continue to develop new products, with a particular focus on the SME banking space, and cross sell its existing services.

"The Group has enjoyed a good start to 2018 to date and has also completed the acquisition of the international payment business and supply chain partner, City Forex, which fits with our strategy to both scale the business and increase control over the supply chain to improve margins. In addition, the Group has a pipeline of development for 2018 to further boost revenue and operational efficiency and consequently, the Board is confident that the outlook for the full year remains in line with market expectations."

StockMarketWire.com
E-banking and payments group FairFX confirmed Friday that it had migrated its international payments business onto the City Forex platform.

The platform would provide FairFX payments customers access to a 7-year history of their transactions and the ability to trade their foreign exchange directly on the platform, FairFX said.

FairFX had acquired City Forex on 21 February 2018, to leverage the latter's City Forex platform.

'It was a major achievement to complete the migration in only ten weeks from closing the deal, which demonstrates the Group's ability to successfully integrate new businesses,' said Ian Strafford-Taylor, CEO.

StockMarketWire.com
Payments group FairFX said it expected its trading performance for the full year to be in line with market expectations.

'The group's performance in 2018 to date has been encouraging with continued strong growth,' chairman John Pearson said in speech notes for the company's annual shareholder meeting.

The company was already benefiting from the acquisition of City Forex in February, he said, including via efficiency improvements."

StockMarketWire.com
E-banking and international payments group FairFX launched Wednesday its new global business current account.

The 'Fair Everywhere' business current account includes multi-currency wallets, the company said.

The company also said that it would launch additional subscription tiers for businesses turning over different amounts and introduce a pay-as you-go pricing option.

StockMarketWire.com
Payment services provider FairFX said Friday it was confident of meeting full-year expectations after turnover exceeded £1bn in the six months through June amid strong margins.

For the six months to 30 January, turnover was up 146.2% year on year to £1.1bn, from £434.1m the previous year, in line with management's expectations.

On a like for like basis, excluding the acquired entities of Cardone and City Forex, turnover for the first half rose 22.8% to £532.9m.

Like-for-like turnover from prepaid cards and international payments rose 8.5% to £181.7m and 39.1% to £334.6m, respectively.

International payments turnover for the group increased 131.6% year on year, supported by additional volumes from City Forex, which saw year-on-year turnover increase by 39%.

Usage of the company's corporate card platform rose 28.3% year on year.

The company recently launched the 'Fair Everywhere' business account, which is expected to make global business banking 'easier,' FairFX said.

For the second half of 2018, the company said it would continue to focus extracting efficiencies while evolving the banking products for SME's.

'The performance of FairFX during the first half of 2018 demonstrates the execution of the Company's strategy to scale its core FX services whilst evolving the digital banking offering. The substantial growth in turnover has also been achieved without reduced margins and this gives us great confidence for the prospects for 2018 and beyond,' said FairFX CEO, Ian Strafford-Taylor.

This is another of my new investments a small punt at £1.32

StockMarketWire.com
Banking service FairFX reiterated Wednesday it was 'confident' of meeting full-year expectations after profit rose sharply amid ongoing corporate platform and international payments growth.

For the six months to 30 June, adjusted profit before tax rose to £2.6m from £0.18m a year earlier and group revenue increased by 97% to £12.0m.

Turnover was up 145% to £1.07bn, from £434.8m the previous year, and 23% on a like-for-like basis.

The corporate platform, which grew 28% and international payments, which grew 131% and 39% on a like-for-like basis, remained key areas of growth for the company.

Adjusted net profit margin increased by a factor of 10 to 21.9%.

'The business has delivered an excellent first half performance both operationally and in terms of bottom-line,' said Chief Executive Officer of FairFX, Ian Strafford-Taylor.

Top line turnover growth has continued, and with the Group operationally geared revenue is increasingly flowing through to profit. This trend is expected to continue in the second half of the year as we grow further and rationalise the supply chain.'

'Achieving this performance against a backdrop of weak Sterling, combined with less people taking holidays in 2018 due to the warm summer in the UK, bears testament to the great strides we have made in recent years to broaden the product mix and reduce our reliance on revenues from foreign exchange.'

'The outlook for the Group for the balance of the year remains positive despite Brexit weighing on Sterling and providing a headwind. We are actively improving the supply chain both in terms of robustness and improved economics, which we strongly believe will feed through in the second half. We also have an exciting pipeline of product enhancements for the remainder of 2018, and we look forward to updating the market in due course.'

'Against this background, we remain confident that the full year results will be in line with expectations.'

FairFX to gain access to the US Market
FairFX, the low-cost multicurrency payments and e-banking service, is pleased to announce that it has entered into a binding term sheet with Metropolitan Commercial Bank to offer customers its payments services across the USA. The Company expects to enter into a multi-year contract in Q1 2019 subject to final confirmatory due diligence having been completed.

Under the current regulatory permissions of the FairFX Group, transacting with US citizens and businesses has generally not been possible, causing the Group to turn away regular business. This contract, once signed, will enable FairFX to service this demand and begin to grow a customer base in the USA, representing another point of differentiation for the Group.

The term sheet covers both international payments and prepaid card issuance. In common with FairFX in the UK, Metropolitan Commercial Bank is an Issuing Bank in the USA. The Board believes that there is a strong demand for the FairFX Corporate Expense platform across America and this agreement allows the Group to roll out the platform more widely.

The Group's initial focus for the US market is to have its International Payments service operational in Q1 2019, whilst card issuance is planned to go live in Q2 2019, due to the logistics and supply-chain lead-times involved.

Nice little move this morning but still sitting on a huge paper loss.

StockMarketWire.com
Payments group FairFX said annual turnover more than doubled led by strong performance in its International Payments.

Full year turnover rose 111% to £2.3bn, in line with management expectations. Excluding the contribution from acquisitions of CardOne Banking in August 2017 and City Forex in February 2018, turnover was up 22%.

International Payments were up 134% and Prepaid Cards up 8%.

The company expected to report adjusted earnings (EBITDA) of approximately £7.5m.

'The board is pleased to confirm, however, it expects 2019 to be another year of significant growth,' FairFX said.

Harrycat I have a some of these can’t believe how much they are down

I used to hold FFX but sold out a while ago, just because I had a decent profit.
I keep watching and think I should really get back in, but as you say, the sp continually drifts, even with good news.
I don't have an answer why, except that the whole banking sector seems to be out of favour at the moment.
I still think this is a well run company with lots of potential to expand. I have a € card with them (their exchange rate is pretty good) and will continue to watch the sp for a decent entry point. Not sure when that will be though!

What is happening with this share .....

FairFX granted settlement accounts at Bank of England, Gains direct access to Faster Payments Scheme
FairFX, the e-banking and international payments group, announces that, through its subsidiary Spectrum Payment Services ("SPS"), it has been granted settlement accounts with the Bank of England and, in turn, has become a Direct Participant of the UK Faster Payments Scheme ("FPS").

FPS is one the fastest growing UK payment systems and the only real-time 24/7 service that is in increasing demand from personal and business customers using both desktop and mobile applications.

The Company's direct connection to FPS has been enabled by the New Access Model that extended access to Real Time Gross Settlement ("RTGS") accounts held at the Bank of England, as part of a wide-ranging effort to inject more competition and innovation into the UK's payments systems.

FairFX is only the fourth non-Bank to become a directly connected and directly settling member of FPS.

Furthermore, with access to RTGS accounts, FairFX is now eligible to join other UK Payment Schemes such as BACS and CHAPS. Alongside this development, FairFX will own its sort code, which, in conjunction with its SWIFT membership, means it can now create IBANs for customers with no other financial institution involved in the process. This will benefit the Company through enhanced economics via reduced cost per transaction coupled with enhanced customer acquisition and retention via instant payments which will vastly enhance the user experience and satisfaction.