OFX Acquires Firma Foreign Exchange Corporation for C$90m

Foreign Currency Direct Acquires Corporate Dealing Team and Client Portfolio from Foenix Partners

February 26, 2020

Payments & Fintech

Foreign Currency Direct, a Pollen Street Capital-backed international payments and FX specialist, has acquired a corporate dealing team and associated client portfolio from Foenix Partners Ltd. The team will join Foreign Currency Direct's corporate division, Infinity International, expanding the group's corporate FX and payments capabilities and client base in the UK.

Foreign Currency Direct Acquires Earthport FX from Earthport Limited

February 4, 2020

Payments & Fintech

Foreign Currency Direct, the Pollen Street Capital-backed international payments and FX specialist, has acquired Earthport FX Limited, the corporate payments and foreign exchange division of Earthport Limited. The business will join Foreign Currency Direct's corporate division (including Infinity International and Pure FX), increasing the group's scale and market presence in corporate cross-border payments for small and medium-sized businesses.

FLEETCOR Acquires Associated Foreign Exchange (AFEX)

September 17, 2020

Payments & Fintech

FLEETCOR Technologies, Inc. announced it will acquire Associated Foreign Exchange (AFEX), a global cross-border payments and FX risk management provider, to strengthen its corporate cross-border payments capabilities and complement its Cambridge Global Payments business. AFEX serves more than 35,000 customers and processes over $22 billion in annual volume; the deal was signed in September 2020 and expected to close in early 2021 subject to regulatory approvals.

insightsoftware Acquires FXLoader

June 5, 2024

Software

insightsoftware has acquired FXLoader, a UK-based provider of automated exchange rate loading software for ERP systems and financial applications. The acquisition expands insightsoftware's FP&A and consolidation capabilities by adding automated foreign-exchange rate integration and monitoring for multinational finance teams.

Fiserv Completes Acquisition of Payfare

March 3, 2025

Payments & Fintech

Fiserv, through its affiliate 1517452 B.C. Ltd., has completed the acquisition of Payfare Inc. under a plan of arrangement. Payfare’s Class A shares will be delisted from the Toronto Stock Exchange and withdrawn from OTCQX, and the company will integrate Payfare’s instant-pay and mobile banking capabilities to expand Fiserv’s payments and fintech offerings.

Corpay Acquires Alpha Group International for $2.4 Billion

November 6, 2025

Payments & Fintech

Corpay, Inc. (NYSE: CPAY) has completed the $2.4 billion acquisition of Alpha Group International plc, a UK/Europe-based provider of cross-border FX solutions and global bank accounts for corporations and investment funds. The transaction expands Corpay’s cross-border payments and treasury capabilities and was financed in part by an increased revolving credit facility and a new $900 million Term Loan B.