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FX

  • CAB Payments partners with Visa to boost emerging markets service

    August 29, 2024

    Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.

  • Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off

    July 17, 2024

    The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, CityAM can reveal.

  • Wise books another quarter of strong growth as firm rolls out new partnership in Brazil

    July 16, 2024

    Overall, the group said underlying income for the three-month period grew 22 per cent year-on-year to £325.4m. Deposit balances expanded 23 per cent year-on-year, while "card and other revenue growth" came in at 55 per cent.

  • Fintech Argentex sees ‘encouraging’ trading environment as strategy shift continues

    July 9, 2024

    In a trading update covering the first half of the year, Argentex said that it expects to report revenue of around £23.9m for the first half.

  • Labour candidate’s failed FX firm held £2.7m for company embroiled in bribery scandal

    June 27, 2024

    The collapsed foreign exchange (FX) firm owned by Labour candidate and former deputy mayor of London, Rajesh Agrawal, was holding millions of pounds in cash for a Maltese company linked with a bribery scheme, CityAM can reveal.

  • Augmentum Fintech backs new FX trading platform

    June 25, 2024

    Augmentum Fintech has built up a multimillion pound stake in London-based peer-to-bank FX trading platform LoopFX.

  • Former deputy mayor’s failed FX firm named in Natwest ‘bin bags of cash’ probe

    June 20, 2024

    The collapsed foreign exchange firm founded by the former deputy mayor of London was used in an alleged £365m money laundering scheme while he was chief executive, CityAM can reveal.

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