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Brexit gives FairFX a record week

Mon, 27th Jun 2016 08:31

(ShareCast News) - Low-cost currency provider and fintech company FairFX announced on Monday that it delivered a record week in terms of KPIs during the final stages of the EU referendum, with revenue up 30% on the previous record week achieved in July 2015 and up over 50% on the same week in June 2015.The AIM-traded firm said against the background of record volumes, FairFX's platform and IT systems remained fully operational throughout the last few days of the referendum when some of its peers did not accept business, which its board said underlined the robustness and scalability of its systems and processes.FairFX said it has also experienced an exceptionally busy period throughout June, and as such is cautiously optimistic about the immediate prospects for trading volumes."I am immensely proud of what we achieved last week during the busiest period in our history," said FairFX CEO Ian Strafford-Taylor."Our infrastructure enabled us to carry on providing our services to customers through the whole process, whilst we also had people in place 24/7 to constantly update our rates and ensure minimal FX risk."To come through this period with a record week only goes to emphasise how resilient and scalable our business model has become," he added.The company said it will update the market further with a trading statement in July.

More News

26 Sep 2018 10:27

FairFx Interim Profit Surges As Revenue Rises In "Excellent" Results

LONDON (Alliance News) - Currency exchange firm FairFx Group PLC said Wednesday its profit leapt higher as operating leverage fed through from strong growth in its increasingly diversified revenue

26 Sep 2018 08:40

FairFX turns in strong first-half despite sterling weakness

(Sharecast News) - FairFX brushed off the impact of sterling's weakness as it turned in a strong set of first-half results on Wednesday.

6 Jul 2018 08:58

FairFX Expects Interim Revenue To Double On CardOne And City Forex

LONDON (Alliance News) - FairFX Group PLC on Friday said it saw a substantial revenue growth in the first half of its current financial year boosted by recent acquisitions.The payments to a

23 Apr 2018 10:35

FairFX Swings To 2017 Profit On Revenue Jump As 2018 Growth Continues

LONDON (Alliance News) - Multi-currency payments service provider FairFX Group PLC said Monday it swung to a profit in 2017, after revenue grew strongly as its continues to see significant growth

19 Jan 2017 09:27

FairFX Acquires Q Money And E-Money Licence In Cash And Shares (ALLISS)

3 Nov 2016 13:24

FairFX breaks £10m barrier for monthly card loads

(ShareCast News) - Budget currency payments service FairFX breaks the £10m barrier for monthly loads while turnover for the quarter increased. The company's overall performance remains in line with market expectations as for the quarter ended 31 October, turnover climbed 45% year-on-year to £314m

2 Aug 2016 14:11

FairFX teams up with Monarch

(ShareCast News) - FairFX has teamed up with UK airline Monarch to help holidaymakers save money on travel and benefit from a better customer experience. Monarch has signed an agreement with the FinTech low-cost multi-currency payments service to mutually promote each other's products, helping holid

2 Aug 2016 08:15

FairFX Signs Cross-Promotional Deal With Monarch Airlines

28 Jul 2016 09:21

FairFX Partners Premier League Champions Leicester City Football Club

21 Jul 2016 08:22

FairFX First Half Revenue Ahead Of Expectations Amid Strong Growth

20 Jul 2016 13:08

FairFX Appoints Egg.com Founder Bob Head As Non-Executive

27 Jun 2016 06:56

FairFX Reports Record Week Of Revenue During Brexit Vote

20 Jun 2016 15:42

FairFX enters mutual marketing agreement with Holiday Extras

(ShareCast News) - Low-cost foreign exchange provider FairFX announced on Monday that it has signed an agreement with Holiday Extras, to mutually promote each other's products. Holiday Extras is a UK-based seller of so-called travel "extras", including airport hotels, travel insurance, parking and l

20 Jun 2016 07:27

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FFX.L Share News (FFX)

Brexit gives FairFX a record week

FairFx Interim Profit Surges As Revenue Rises In "Excellent" Results

FairFX turns in strong first-half despite sterling weakness

FairFX Expects Interim Revenue To Double On CardOne And City Forex

FairFX Swings To 2017 Profit On Revenue Jump As 2018 Growth Continues

FairFX Acquires Q Money And E-Money Licence In Cash And Shares (ALLISS)

FairFX breaks £10m barrier for monthly card loads

FairFX teams up with Monarch

FairFX Signs Cross-Promotional Deal With Monarch Airlines

FairFX Partners Premier League Champions Leicester City Football Club

FairFX First Half Revenue Ahead Of Expectations Amid Strong Growth

FairFX Appoints Egg.com Founder Bob Head As Non-Executive

FairFX Reports Record Week Of Revenue During Brexit Vote

FairFX enters mutual marketing agreement with Holiday Extras

FairFX Signs Strategic Partnership With UK-Based Holiday Extras

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