Foreign Currency Direct Acquires Earthport FX from Earthport Limited

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.

Pollen Street Capital Acquires Infinity International

May 14, 2019

Payments & Fintech

Pollen Street Capital has acquired UK-based corporate foreign exchange specialist Infinity International and will merge it with portfolio company Foreign Currency Direct as part of a newly created payments group that also includes Pure FX. The deal expands Pollen Street's corporate FX capability and enhances the Group's cross-border payments offering to UK and European business customers.

OFX Acquires Firma Foreign Exchange Corporation for C$90m

December 20, 2021

Payments & Fintech

OFX Group Limited has agreed to acquire 100% of Canadian foreign exchange and payments provider Firma Foreign Exchange Corporation for C$90 million. The acquisition adds over 9,600 corporate clients, increases OFX's North America revenue substantially, and is expected to be accretive to EPS while delivering cost and revenue synergies.

Visa Inc. Acquires Currencycloud

July 22, 2021

Payments & Fintech

Visa Inc. completed the acquisition of Currencycloud, a London-based cloud payments and FX API platform, to strengthen Visa's foreign-exchange and cross-border payments capabilities. Currencycloud will continue to operate from its London headquarters and serve banks, fintechs and businesses globally; the deal builds on an existing strategic partnership between the two companies.

Lumon Acquires Abacus FX

September 2, 2024

Financial Services

Lumon has agreed to acquire Abacus FX, an international payments specialist with a presence in London and Portugal, to expand its corporate international payments and hedging capabilities. The deal is the sixth acquisition since Pollen Street Capital invested in Lumon in 2018 and is intended to accelerate Lumon's corporate division growth across the UK and Europe.

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.