Recognised as one of the world’s original and most established fintech organisations, Fexco employs over 2,300 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland.  Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America.

Fexco serves some of the world’s biggest brands across multiple industries, predominantly in the payments and foreign exchange sectors, through a wide range of innovative products and services including; Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Tax Free Shopping and Retail FX. Fexco also offers bespoke Managed Business Solutions and Outsourcing services as well as a full suite of payment management solutions through its Corporate Payments business.


From its operation in Edinburgh the Fexco Corporate Payments team works directly with clients helping them to mitigate the FX risk for businesses that have the requirement to transfers funds internationally.

Since inception, Fexco has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers.

Fexco Corporate Payments (FCP) provides bank-to-bank transfer services and specialises in international SWIFT bank transfers. FCP is solely a payment services business, and we do not provide current account services, lending or deposit-taking. Consequently FCP is not a direct competitor with banks; instead the FCP service is used in combination with banking services in order to complement their offering. Customers use FCP in order to avail of better exchange rates, lower fees, greater transparency and superior straight-through processing. FCP does not charge any account fees or maintenance fees, so our income is generated solely on a deal-by-deal basis.

FCP typically channels payments through the major international banks, and we leverage our relationships with the international banks in order to give our customers access to the highest quality payment services and foreign exchange in the market.

Customers typically access FCP via the web using the PayDirect portal. The PayDirect system is certified to ISO27001 for information security, and user access to PayDirect is controlled using two-factor authentication. Technology has been a key driver of FCP’s success. We are constantly seeking to improve on what the banks are offering and we focus on delivering flexible, secure and affordable IT solutions for foreign currency payments.

To find out more visit www.fexco.com

Fexco was founded in 1981 by Brian McCarthy who spotted a niche in the market to sell foreign exchange outside of banking hours. The business quickly grew to include VAT refund services which necessitated the investment in systems and technology.  It was this investment which saw Fexco expand throughout the 1990’s, forming alliances with leading brands like Western Union and entering both new businesses and territories.

Fexco is the originator of Dynamic Currency Conversion (DCC) and is now the global market leader in the provision of DCC services providing solutions to 100,000+ merchant locations with over 35 multi-currency enabled acquiring banks.

Through the years, forming strategic partnerships and investment in technology has established Fexco as a major player in International Fintech.  Today its core offering is in payments processing and foreign exchange services. Fexco has developed an innovative suite of payments and foreign exchange products and solutions including Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Corporate Payments service, Tax Free Shopping and Retail FX.

Technology is transforming financial services and the consumer journey. The way firms and consumers interact with each other is also changing and Fexco, through its investment in innovation and partnerships, is constantly developing technologies to keep up with market trends.  It promotes collaboration and networking across financial services in Ireland through its membership of the Fintech and Payments Association of Ireland  (FPAI) as well as extensive engagement with third level institutions and Enterprise Ireland.

Operating in Ireland and the United Kingdom for over 20 years Fexco Corporate Payments has helped 1000’s of individuals and businesses with their foreign exchange needs and requirements across a variety of sectors including Corporate, SME, Government, NGO, Retail and Insurance.

Fexco Corporate Payments is a proven, safe and secure choice to manage the foreign exchange requirements of your business, Fexco also provides foreign exchange services and bank transfers for personal customers; individuals buying or selling overseas properties, emigrating, repatriating salary payments or sending regular funds abroad can benefit from our service.

By using Fexco Corporate Payments you can enjoy competitive, secure and advanced foreign exchange and international payment solutions delivered by a long-established financial services provider.

Fexco’s next chapter is looking forward to the future and embracing the changes that are on the horizon, particularly in Open Banking. The opportunities that the revised Payment Services Directive (PSD2) bring are in the proposed shortening of direct debit cycles and benefits to the ERP of large businesses in terms of monitoring their real time accounts.


  • Funding Stage Self-funded
  • Trading for 20-25 years
  • Employees 1000+
  • Sector Payments
  • Valuation £251m - £500m

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