Curencyfair, a Dublin based start-up is raising €10m required to see through their planned expansion into the UK and Australian markets. The fast growing foreign exchange company aims to have the capital raised by June of this year. The company currently employs 50 people at their Headquarters in Ranelagh, South Dublin and has additional offices in Britain, Australia and Poland. Growing to a global stage within just 5 years, hopefully this will result in more jobs being created with the company.
Currencyfair facilitates the buying and selling of goods and services internationally acting as a middle-man in the monetary transaction using a peer-to-peer model for transaction. Having bank accounts across the world with local currency, they are able to have your goods/services from another country paid for without any money being transferred internationally, thus avoiding any charges associated with doing so.