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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.
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10 Jun 2016 16:15

FairFX wins 'most trusted' award among prepaid cards

(ShareCast News) - Fintech low-cost multicurrency payments service FairFX was celebrating on Friday, having won the Most Trusted Prepaid Card Provider at a ceremony in London on Thursday night. The AIM-traded company was selected over competitors in the prepaid card space, including Travelex, Thomas

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10 Jun 2016 08:19

FairFX Wins 'Most Trusted' Award For Prepaid Card Providers

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8 Jun 2016 08:07

With Expansion To South Africa, FairFX Eyes Gateway To Continent

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29 May 2016 15:07

Sunday share tips: Flybe, United Utilities, FairFX

(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a

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25 May 2016 10:16

FairFX Introduces Mobile App In Time For Summer Marketing

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15 Apr 2016 12:27

FairFX widens full year loss

(ShareCast News) - FairFX widened its full year pre-tax loss to £3.4m from £2.8m the previous year as the multi-currency payments service boosted its investments in operations and technology. The group said the reported loss reflected an increase in marketing spend, a rise in headcount and higher ch

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15 Apr 2016 07:09

FairFX Eyes Growth After Marketing Expenses Result In Loss

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10 Mar 2016 18:22

FairFX To Issue Placing Shares In One Tranche After FCA Approval (ALLISS)

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7 Mar 2016 11:15

FairFX Eyes "Land Grab" After Attracting Activist Crystal Amber (ALLISS)

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11 Nov 2015 11:00

FAIRFX Group Conditionally Raises GBP1.5 Million In Placing (ALLISS)

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21 Jul 2015 09:06

FAIRFX Group Heralds "Strong" Opening Half To 2015 With Revenue Up 40%

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4 Jun 2015 08:59

FAIRFX Group Hopes To Benefit From Marketing Push

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30 Apr 2015 09:07

FAIRFX Strikes Cross-Promotion Deal With Car Hire Group Hertz

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31 Mar 2015 13:04

Fairfx Swings To Loss Due To Growth, AIM Listing Costs

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20 Mar 2015 09:07

FAIRFX Signs Sponsorship Deal For Sky Sports F1 Coverage

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